Normal
Micheal.This is where I see so many employing this "Idea" go wrong.They never admit their valuation is wrong.Infact a fall only serves as a confirmation that the market is wrong and their valuation is right---hence buy some more at even MORE discounted pricing (V their own valuation).Eventually the fundamentals reflect the market valuation and then most STILL wont agree.Anyway we are all convinced of our own methodologies.
Micheal.
This is where I see so many employing this "Idea" go wrong.
They never admit their valuation is wrong.
Infact a fall only serves as a confirmation that the market is wrong and their valuation is right---hence buy some more at even MORE discounted pricing (V their own valuation).
Eventually the fundamentals reflect the market valuation and then most STILL wont agree.
Anyway we are all convinced of our own methodologies.
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