I was talking with an investor recently and asked how the market was treating him.

I expected him to say finding deals was the challenge.

Instead, he said,

"I'm actually finding plenty of deals. I'm just passing on more of them than ever before."

His reasoning was simple: he'd rather do fewer deals than force one that didn't meet his numbers.

It got me thinking because that's probably the opposite of what many newer investors expect. They assume experienced investors buy more, but sometimes experience just makes you say "no" more often.

For those of you who've been investing for a while...

Have your buying standards become stricter over the years, or are you finding yourself taking more opportunities in today's market?