Who are we?, page-121

its an interesting discussion and prior to a recent experience i would have agreed with you. I cite a recent real example:

i bought slx at 17c and then later at 34c. I sold a parcel of 20,000 slx shares recently at 500c or roughly 30 bags on the 17c buy or 15 bags on the 34c buy. Lets do the numbers.

on the 17c shares. Cost $3,400. Sell price 100,000. Profit 96,600….super happy
on the 34c shares. Cost $6,800. Sell price 100,000. Profit
93,200…super happy

yes agree its best to buy chesper but on this live example it didnt really matter to me that i paid double for my second batch.

the point i realised is as the bags get to silly numbers then it doesnt really matter in a material way. I expect par to be at silly bag numbers at some stage in the future or else i wouldnt be invested in it. On the flip side if it goes broke then we all lose 100% so it doesnt matter either.

hope this is of some value to someone. Have a great night