What do you do when a good stock at fair prices isn't available?

Greetings all, I'm a novice, but I've done a lot of research. I receive stock as pay for the first time in my life in 2017. That got me curious about value investing. I bought quite a few books. \* The Intelligent Investor - Ben Graham \* 100 baggers - Christopher W. Mayer \* University of Berkshire Hathaway - Pecaut & Wrenn \* The Warren Buffett Way 3rd ed. - Robert Hagstrom \* The warren buffet Portfolio - Hagstrom \* Charlie Munger: The Complete Investor - Tren Griffin \* One Up on Wall Street - Peter Lynch \* Common Stocks and Uncommon Profits \* Fundamental Analysis, Value Investing and Growth Investing - Lowenstein & Lowe Finance and economy books \* Thinking Like an Economist - Randell Bartlett \* Financial Statements: The ultimate Guide to Financial Statements - Greg Shields I poured through a lot of 10K statements in 2018 and watched the following stocks based on many of the Ideas I saw in those books. **This was for watching to test my ideas and not buying**. These were the stocks some after 2018 \* Pinduoduo 2018: price $17 Liked its consumer model Disliked they had a Cayman Islands bank account, which seemed to be a way to funnel money out? Would have bought? No – not knowing much about the finance system, I would not have bought it, being worried about having a Cayman Islands bank account they can use to take money out. \* Mercado Libre 2018: price \~$340 The largest e-commerce platform in Latin America and perhaps now the largest company in that region. Liked its online marketplace; they had order fulfilment and warehouse infrastructure (assets). They ventured into phones and are doing insurance. Most of all I liked the people of the company, founded and run by the same people and very interested in growing the business. Would have bought? Yes and still today. This would have been a minimum 10-bagger if I had followed through in 2018. \* The Trade Desk 2018: price \~$15 Liked the novel way of creating a platform for buying ad space by bidding in real time for ad spots on televisions and news websites. Basically companies like Google do the web; TTD worked on everything else. I also like that they do regular stock buybacks, e.g., of $257m this year. Would have bought? Yes and today too. The fundamentals in the last 10K I read looked good to me but what is depressing the price is the fear of Amazon entering the market, driven by Jim Cramer saying it's the worst stock for the simple reason of Amazon entering the market. \* TransferWise now Wise 2021: Price: £1000 GBP Liked their model of international money transfer where, instead of wiring money across international borders, they would wait for matching transfers in the destination country and keep the money circulating locally, meaning there were no wire transfer fees internally. And it's the lowest money transfer cost I've seen. Would have bought? Yes and sadly the stock wouldn't have gone anywhere. My Question. So if you guys have cash, do you then pour it into bonds or something else if you don't see any 5-10 bagger opportunities? Looking around at 10k reports for various companies, there are some OK stocks but nothing really stands out.