Jason:
Remember that when you "take your frustrations out on Tony Thornley" you are involving a real human being who has done his darndest to create shareholder value for you. Tony's financial acumen played a significant role in creating the 'new' QC...the stock that just quadrupled in value. I consider him an excellent, conscientious CFO and I consider him a friend. I hate to see him be the target of bile when the real enemies are the one's who kited the false and misleading story.
My point to you, again, was to suggest that emotions, i.e. frustration, typically work at cross-purposes to investment success. You feel 'good' and 'smart' when your stocks go up...even though the discount to intrinsic undervaluation declines absolutely, and arithmetically, with each uptick. You feel 'angry' and 'frustrated' when a stock goes down...even though, assuming the fundamentals are intact, it's undervaluation increases with each downtick. This disease derives from having too much time on one's hands, coupled with excessive scrutiny of the stock quote machine.
For example, I have a nice fancy dual screen Bloomberg terminal in my office, but I almost never have my equity monitor screens turned on during the day. Why? Because the answers are NOT in the daily price fluctuations...the answers lie in conversations with customers, competitors and so forth.
That's just my two cents.
All the best,
Gregg |
