Iron ore price, page-52544

I mean seriously, volatility is the price you pay for serious gains in any stock. And it’s fair to say FMG has delivered some serious gains over the years but it has also experienced some phenomenal volatility enroute. You cannot get the gains without the volatility. Charlie Munger once said ‘if you can’t stomach 50% declines in your investment you will get the mediocre returns you deserve”. Let’s be honest, FMG is no Costco, FMG earns its cash from selling only one product i.e. iron ore. It is a price taker in the market and the market is cyclical so of course there is going to be enormous volatility. What do people expect; this stock to go up in a linear straight line at 25% per year without any volatility? Get used of it folks, it is a necessary part of the journey to great gains.