thumbs up from proactive investors, page-18

Alpha...when you're buying tangible assets for roughly 50 cents in the dollar, the margin of safety is pretty good. Some time in the future (and we don't know precisely when) the market will wake up to this fact and revalue accordingly.

Plus I'll offer two more Buffett-type gems to consider.

(1) In the short term the market is a voting machine and in the long term its a weighing machine.

(2) Mr Market is your servant not your master.

Sure, days like today are reminders to re-do your analysis and reassess your margin of safety. If its still good or brilliant, you can sleep comfortably.

I'm not popping a tranquiliser tonight over CFE and it may even go down further tomorrow, but I'm happy with my M.O.S.