$30 price fair value with reasons, page-254

I added this particular stock on that day of doom in the low $40s. If my memory serves me right it was a result of target’s result in the USA the night before that sent this down maybe 10% to circa $41/$42. Went up ever since, brilliant top up that significantly outperformed. And yes, I think the stock is personally overvalued. Doesn’t mean I’ll sell, low free float always helps WES and markets often and can stay irrational for long periods. Albeit I don’t need the capital.

I dont necessarily disagree with your consensus on uncontrollable US and generally government debt/spending etc, however I’ve learnt over the decades not to fight the fed. You’ll see hyper inflation before you see a total crash/deflationary effect. This is also why I stay diversified with some dry power on the sides. Albeit I’m a HWNI, so different to everyone’s situation that may not be able to deploy capital readily or in such a fashion.