A2M $3 Party, page-19

He applies a little more Due Diligence than that.

Just because something retraces 15% does not mean its a bargain. Is BHP a bargain at the moment? Absolutely not! (IMO) Are the banks? Not if you believe Australian Property is due a big correction.

Warren Buffet buys stocks when he can see an entry point which he believes represents value. You can bet your bottom dollar it won't be in an entity with speculative valuations within a market globally oversupplied. That is of course unless he believes that entity has the infrastructure and product to dictate the direction of such a market in the future.

There are many things that can impede the growth of a Company like A2M. A global meltdown is just one such event.

I'm just a big Ol' Bear at the moment. Seen it all before.

Just remember WB has the money to buy up value, because he sold out when something went ahead of the value curve.

Peace