Not too long ago... some folks called Warren Buffet a burnt-out jamaa... Then when the DOW/NASDAQ/S&P crashed... his picks came out as solid...
As @guru says... ultimately, the fundamentals win out... I have hardly made money in trading so I prefer the long-hauls... I am not always right but I am looking for undervalued stuff...
I am a huge WB fan & stick to a few counters rather than all over the board. My serious holdings are less than 10... The top 5 of these are over 75% of the total...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett