Oh, I understand how to value a bond. Which is why I’ve not...

Oh, I understand how to value a bond.
Which is why I’ve not owned APA for several years (although I was a shareholder in the 2010s when it was also assessed by me to be undervalued)

I also believe I understand value-at-risk and risk-adjusted returns.

Which is why I would not be a long-term shareholder of APA. I don’t think it is a good quality company.

PS. On the lesson of not understanding in what one investing, you conceded that you don’t know what the returns will be on the capital that APA management, yet you own the stock. Perhaps contemplate the advice you are dispensing?

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