The single most important characteristic of any investment is the price when you buy it. It doesn’t matter how spectacular your investment is. If you overpay for it, you have no margin of safety. And as the market affirmed yesterday, US stock prices can be expressed in a single word: expensive.
http://www.zerohedge.com/news/2017-01-26/us-stocks-are-now-most-over-priced-2000-crash

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.