Thanks

This is my favorite blog in the world. I want to thank each of you for the honest and unhindered dialogues. For Blevit, just be aware that the market is like a school of baitfish swimming in an ocean full of predators. If a tuna darts in, he's going to get to eat, and all the school will scatter in all directions. Don't panic, be patient and alert, and remember that the school will re-form (reform?) in a bit and go on about its business. If you don't panic, you will keep your money - you only lose it if you sell at a loss, or buy a loser.

CMM is one of the toughest, most durable and persevering companies I have ever seen - even if they trip over their own feet sometimes along the way. They came this far entirely on their own speed, and continue to improve their profile from one month to the next. It isn't to say that we don't still face challenges - we do - but they are being dealt with by competent people. The tale of the tortoise and the hare isn't part of our mythology because its wrong about how things really work.