Ann: Trading Update, page-47

I am down to $4 in STO just through dollar cost averaging.
Definitely learned not to be overconfident in the oil market. It's a crazy place.
As you say I relied on incorrect foward assumptions but as long as the error is one of timing it's not a disaster for me. Being long term is a great advantage.
Eventually I will be proven right, maybe even this year.
Most "value" investors think Buffett rewrote the book, I am going in a different direction altogther. It's not like the bible, the sharemarket it a contest of ideas.
Excellent comments on MRM all, some sharp ones.