NOR charts thread, page-2145

"... but the market says it's worth 8 today so that's what it's worth."

Vanzant - Respectfully, I am one who does not agree with that theoretical point of view. I think worth (value) is a much different concept to price (cost).

I tend to believe in the value investing theory - price is what you pay and value is what you get. Admittedly, there are other views around (e.g. Modern Portfolio Theory). However, I have seen the scenario described below unfold on so many occasions it becomes predictable - just not exactly where though.

Have we not seen this even with NOR?

"Just as surely as prices can and do temporarily defy the gravitation l tug of value, in the end the hard laws of physics trump the soft science of crowd psychology. The farther prices rise above or fall below their fundamental value, the greater the store of potential energy to be released in the resulting disequilibrium."

Source
http://www.valuewalk.com/2014/09/warren-buffett-famous-quotes/

Nonetheless, each to his own and up until this point in time I have not seen a perfect theory, or approach to trading in the markets.