We just take a page from the 'stock' versus 'flow' view of human resources. Stock of 'employees' as family assets less liabilities, inversely ranked by 'accessibility'. Flow of 'employees' as investment cashflow less all debt service.
We have a life outside of investing.
So long as we hold a lot of quality assets and are cash-flow positive - we really don't care if the price falls, as we don't need to sell.
We will also hear from other people, and have a much healthier life/investment balance.
We're not that concerned with timing either, as we're not trying to buy when 'XYZ' is cheapest.
We just need to be able to broadly recognize when 'XYZ' is both cheap and expensive, we're pretty good at it, and act accordingly. There will be sizeable gains along the way, they'll pay off mortgages and business investments, and the family willl permanently live better as a result. Whether an individual investment takes 1 year, or 10, it's out of our control - so why get worked up about it?
Long-term greedy, and not short-term focused.
Obviously if opportunity presents, we will look at it (Euro banks) - but our interest is primarily practice, and the 'teaching' opportunity; occassionally a little fun as well

Arguably our real risk is the 'loss of grounding' as the family liabilities shrink to zero. Our cure has been the back-of-a-truck overland trip through the third world, the mix with the people, and see/smell the dying and the sick. Ultimately, social enterprise at work.
SD