Another bloody correction

As people closest to me know, I look forward to another bloody correction.

It gives my newest clients a chance to buy into our greatest businesses at a fairer price.

It gives me my chance to sit down with newish clients and bring to life our agreement that "risk" walks hand in hand with "reward" and that holding cash and drip-feeding can work.

It gives me my chance for my longer standing clients to remind them that red ink is part of the long term rewards that comes with owning businesses listed on the stock exchange and an opportunity to top up at better prices.

Today we entered another bloody correction, second one this year. Yet another buying moment, no different to buying quality chocolate at a discount.

It's normal.

I am witnessing my 23rd correction in 35 years of advising clients.

If you don't like hearing that $115bn was wiped off the stock exchange, please turn to the sports pages where Australia today qualified for the World Cup.

And listen to the sound of your dividends that keep landing in your bank account