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leifsmith

12/27/10 11:48 AM

#43365 RE: Crystalballz #43351

But as soon as I walk over and talk to the driller about what he saw in the core I will conclude that the market price no longer takes into account full reality. I will buy. So we are using two different ideas of how to define the right price: 1) whatever the market says; 2) what those informed about the actual situation think it should be. Good investors are aware of meaning "2" and act on it.