We have a dog. He sniffs a lot. I don’t know what he is looking for. He knows where his food is, why does he spend so much time sniffing? Sometimes I feel like my dog, sniffing a lot when it is pretty obvious where the food is (great businesses at good prices in times of market fear--general or industry specific). What follows is a description of my sniffing, in other words, wasting my time. ...
