Papacass
Regular
Appreciate the sentiment but what exactly would you have him say?
Anything that's just fluff, even if it made us all feel good for five minutes would just be another kind of sugar hit.
And apart from providing fodder for negativ'eesters to further attack us with, would just weaken the Company's credibility further.
It's been tough going for a longish time now, and I doubt many of us would have predicted just how far our share price has fallen.
Hell, my whole portfolio has taken a horrendous bashing and if only I had known in advance just what would transpire I would have sold the lot and been sitting pretty waiting to buy back in with many multiples of my current holdings.
But, alas, I did not predict this current reality and so am reconciled to ride it out, husbanding whatever dry powder I still have left awaiting a clear signal the market and my long held picks are rebounding towards a new normality.
I just don't believe the world has entirely entered a final phase where everything I own will become worthless or can be held at a near zero value, regardless of its fundamental worth, forever.
The market, like other phenomena, is a creature of cycles.
And the longer and more intensely any artificial force is applied to it, in any direction, the greater will be the corresponding correction or rebound.
As before, I plan to ride that back up, hopefully a wiser more seasoned investor.
This tide will turn!
GLTAH
Hey Hopalong,
Thanks so much for the gracious reply. I come from an industry where morale was taken very seriously and sometimes an acknowledgment from senior leadership that the troops are doing it tough in the trenches but confidence in the strategy is high blah blah. It’s not so much the words but who visits the front and says them. Picturing leadership cowering in the ivory tower … you get the picture.
Look, I’ve been around the block and don’t need my hand held. I’ve appreciated your input and civility over many years. Just my thoughts on some leadership. My confidence is still high. Onward. Cheers.