road to DFS, page-66

I've been reflecting on recent volatility and risk, did some googling around Michael Burry (of the big short) on this topic and there is lots of interesting material. Basically his deep value approach is to ignore the short term volatility particularly on illiquid stocks, and focus on the fundamentals. Which is hard/impossible to do as a fund manager but for us retail punters, IMHO, it's the only way. To me, the fundamentals say there is quite a high probability TMT gets developed as a world class vanadium mine. If it does, the upside from here is truly enormous. Gltah and Merry Christmas