Hi jeremyow,

Very good analogy, may I take the liberty to copy n paste your this post in Midas thread as it seems very applicable to Midas too.

Have you heard of the story of the hare and the tortoise? The hare runs fast getting many's attention and people support the hare and cheer for it betting that it will emerge the winner because it looks like being confident of doing so. It will be in the limelight for a while with a cheery concensus for it to turn a winner. Little does one knows the tortoise is a slow but steady runner. It is focused and does not lose track of the final finishing point. The tortoise does not matter whether people are supporting it. It just remain focused on completing its task of reaching the finishing point. It has good endurance and focus and is intelligent enough to know also that it is focus and tenacity to keep improving that will determine the winner, not short-term glorious sprint. As such, it just keeps on running never losing its steam or focus. Eventually, the hare tires out after running the first lap at fast pace, and is full of confidence in itself that the tortoise is still far behind and so decides to take a rest. Just when it was taking its confident rest, then catches up the tortoise and eventually the tortoise wins the race.

So, what is the morale of the story? Slow and steady does win the race. Consistency in business profitability is better than short-term glorious sprint. A company that steadily and consistently grows its business (not necessarily at high supernormal pace and in the limelight) will eventually emerge the winner. Such a business will keep growing with consistent earnings growth and eventually investors just have to realise its value by bidding up its share price. Will one sell $1 per share for SPH's shares currently? Will one sell $1 per share for Keppel Corp's shares currently? Will one sell $1 per share for Wilmar International's shares currently? If someone is willing to price a consistent business's shares at such low value, I will gladly buy from him. Stability and consistency in earnings growth is long term winner that cannot be ignored (though sometimes prices get mispriced due to trading sentiments).

The market is like that.  If you are happy with the price because it is worth it , you buy.  If you hate it because it is overpriced, you sell and even better still borrow the scrips to short it to release the tension.  Both sides can manage to suit you. Calm down.