lessons learnt, page-5

given that fosters also produced as report on their valuation around that time with pretty convincing evidence backing a valuation well over the $1 mark I suspect that it was less over-hyping than other things at work. of course part of my point was that the market is less than rational and, with unknown forces at work, roller coasters may occur. of course if you have the means and the faith this is perfect trading conditions. You just need the stomach for it and if you are an investor you need a large dose of faith. In some ways they create opposing forces that contribute to the volatility and lack of rationality, the game being the result of personal drivers, not the inherent value of the stock. That creates the potential for a lose-lose scenario.