discuss When you are outbid in a domain auction, how do you respond?

Many domain investors find themselves bidding against other investors in expired or aftermarket domain auctions at Godaddy Auctions, Namejet, Snapnames, etc. Most domain investors only sell a very small percentage of their portfolio in a typical year (average around 1%). End users are often reluctant to extend generous offers for a domain name so one has to be rather careful when it comes to bidding in an auction. I would venture to say that oftentimes winning a competitive auction with multiple aggressive bidders may not be in the best interest of the winning bidder unless they have specific development plans and the skillset / experience to execute on those plans. So basically my view is you have to be willing to lose an auction even for a great domain because we all have limited resources and in many cases the auction winner will be sitting on that domain for years waiting for the right buyer. Thoughts?