serious comparison for agm holders to ponder, page-22

Course I understand ZFX not wanting to pay more too but when mjshackl says

"I understand ZFX not wanting to pay any more. eg. you buy a house on current valuation, not what you think you could get for it in 5 years time, otherwise, where is the upside for yourself?"

he's got a few things going against him/her. The analogy with buying a house for starters - them things are largely for security, yes? (Ie we don't buy them for their earnings unless we have a pretty small understanding of how to make money.) And something else - what would Buffet say about not buying things for their future earnings? And finally - ZFX is doing exactly what is suggested by mjshackl - wanting to buy for upside in 5 years - and damned right too. Me too.

For all this, I might close by saying AGM has really shat in its own nest... So