Mr. Market and CVS. Bought at under .01 Cent AUS Average and now the SP is around .013 Cents AUS. I have a good position at present.
"In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price".
Following Ben’s teachings, Charlie and I let our marketable equities tell us by their operating results – not by their daily, or even yearly, price quotations – whether our investments are successful.
The market may ignore business success for a while, but eventually will confirm it. As Ben said:
“In the short run, the market is a voting machine but in the long run it is a weighing machine.” The speed at which a business’s success is recognized, furthermore, is not that important as long as the company’s intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
https://fs.blog/2013/11/mr-market/
