China MediaExpress Holdings, Inc. (fka CCME)

[Headley Lamar]

I certainly respect Rato's opinion; he is right on about a lot of things. I think he is missing one thing in his thesis about valuation though. He does not do enough to consider the human element of the market. His logic is....well too logical. The markets are not that logical because the system is comprised of people. If the market was only run by computers that made cold calculated decisions his thesis would probably be very precise.

It is the human element that causes the market and individual stocks experience significant ebbs and flows. What's more is that the ebbs and flows can last for a very long time, sometimes decades. It is hard to incorporate that into any model.