Yes; extremely frustrating to watch a company’s SP slide downward, and more so in the face of good ANNs. (If company ANNs are doom & gloom it’s understandable.)
Don’t forget; the market can behave irrationally longer than you can remain solvent.
I guess it boils down to whether one trusts that what we are being fed is the truth, or just wishful thinking. If it is true, then Buffet’s famous phrase comes to mind: “ be greedy when others are fearful.”
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-100
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