NCM has bottomed, page-51

Be patient mate - now is a fantastic time after the drop to own this business.

Here some quotes i read today to ease my thinking. My fundamental valuation based on spot over $1,700 gold remains unchanged. Check out Peter Brandt for high quality Gold forecasts. He is used by major Hedge Funds and Goldmann

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Quotes

"It is our argument that a sufficiently low price can turn a security of a mediocre quality into a sound investment opportunity" Ben Graham

“Price is a liar” John Burbank

"A similar wisdom can be applied to market quotations. Once we understand that they can often be mirages, we can transcend them and come to see stocks simply as shares of businesses…which in the end is the one and only reality." Francois Rochon

“Price is what you pay, value is what you get” Warren Buffett

"Price means nothing other than the equilibrium of liquidity" John Burbank

"The price of a stock at any one moment reflects the conventional wisdom of other investors" Ed Wachenheim

"Prices fluctuate more than values - so therein lies opportunity" Joel Greenblatt

"Price fluctuations don't affect business values, so if a price decline erodes my confidence it's usually a sign I've waded into murky waters with blind spots in my business understanding. Although there have been times where a declining price caused me to re-assess and admit a mistake, in most cases I welcome lower prices as it allows me to buy more stock cheaper." Allan Mecham