"Better to be fearful and realistic rather than getting burnt...

"Better to be fearful and realistic rather than getting burnt badly" is wrong in logic in Warren Buffett's view.

He said we should be fearful when the market is greedy and be greedy when the market is fearful.

1. It is the time the whole market is fearful
2. To PRR, people just has got out the feeling that it would be died in minutes but still feel fearful it could be priced for its death.
3. Realistic-ness means the environment awareness and self awareness, which means the balances of yourself about the reward expectation, the probability evaluation, and the preparation of the worst case.
4. We need to get the chances for big returns. We also need to avoid burnt too hard. We could not avoid the burning but should not be terrible.
5. Depending on your faith, vision, and personal profile, you need to use the logic with your special case.
6. It would and in my experience, it definitely causes our confusion if you talk too general and use a wrong logic.

PRR is very promising and somebody did, does, will make the profit. But a lot of us would be burnt or lose the chances to get they could or should get.

I don't trust my capability to see the future. I don't want miss the dollars from my pennies. I don't want to burn me down. I don't worry all of my PRR money gone.

No free lunch, and you have to be ready to pay if you are really hungry!