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Oil Update
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The Fog of Volatility
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Subs: Wednesday’s Links
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Subs: Alberta Hits BC
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Subs: Goals Met
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Subs: Berkowitz Comments
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S&P Intrinsic Value Update
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Subs: “Pipeline Will Get Built”
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Subs: A Lesson
The PGEM buyout today is an interesting lesson in value investing. Take the chart below. The yellow line is what most people see in their minds when they look at the end result. 76% gain over 3.6yrs looks like the yellow line. However, the green lines are the reality.
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Bought Out….
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