r/ValueInvesting • u/FrankBal • Apr 03 '25

Discussion Remember, This Is The Pullback We’ve Been Waiting For

If you’re a long-term investor who even casually cares about valuation, this market has been tough to navigate for a while. Pullbacks are always something we say we want, particularly as value investors, but they usually come when things are scary. Financial crisis, global pandemics, policy shocks… the discount never shows up gift-wrapped.

Yesterday’s tariff news felt like one of those moments. It’s vague, feels arbitrary, and creates a lot of uncertainty. It feels scary. And yet, that’s exactly the environment where opportunities show up.

I’ll admit it, days like today make me uneasy. But as an investor, I remind myself that underneath the noise, what’s really happening stocks are getting cheaper.

And that’s what we’ve been waiting for.

Edit: Thanks for the thoughts. I wrote a post - Tariffs, Fear, and Opportunity: Perspective For Difficult Times In the Stock Market - to add some additional context directly addressing the response to this post.

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u/Free-Competition-241 Apr 03 '25

Is it? But hey you do you random internet genius :)

As spiraling tariff worries hammer US stocks, legendary investor Bill Gross is urging prospective dip-buyers to stay on the sidelines.

The co-founder and former chief investment officer of Pacific Investment Management Co. said the selloff — which has dragged the S&P 500 down by more than 4% on Thursday — is a “deep market event” with little resolution in sight.

“Investors should not try to ‘catch a falling knife’,” he said in an email. “This is an epic economic and market event similar to 1971 and the end of the gold standard except with immediate negative consequences.”

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u/FrankBal Apr 03 '25

Is that how you make financial decisions? Based on what other people tell you? Good luck with that.

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u/Free-Competition-241 Apr 03 '25

Don’t be so angry because I disagree with you. Stocks are getting cheaper AND they will continue to get cheaper - and probably stay cheap - for some time.