They know his stock is wort at lst 50% more just fo UGGS yet becuse it has not gotten there yt or higher...the huff and they puff. Like little babies, the wat heir COOKIE now. But if the behave and they do some chores(buy more low), tey wll get even MORE COOKIES!
Warren buffett says it over and over again.The makret and volatity isnotyour enemy it is your FRIEND. If the marketnevr moed, how would he get value? EXACTLY!
If he didn;t wait for those stockst apprecate, how would he be able to sell for a profit? EXACTLY.
Grow up kids or market will keep spanking you. Learn patience ad et greedy when you know the valuation is completely on our side
It all goes back to Ben Graham. Buffett learned a lot from Graham and Philip Fisher.
Another classic book(if you haven't read it yet) is "Conservative Investors Sleep Well" by Philip Fisher. He talks about EXACTLY what you have said all along.....YOU BUILD POSITIONS OVER YEARS. Add a little hear and a little there when the price is right!