And
in the fullness of time, as we have now come to realize, Toyota
stock has gone up a lot from that standpoint, and investors, which properly explains the kind of results we've managed to have
in our mutual funds that Consuela referenced, is because a patient investor with the contrarian value mindset I've talked
about, as long as you're buying the
stocks on sale and not those that are offered on clearance, i.e., which nobody else wants ever — so we don't believe
in distressed
investing or deep value
investing, we're talking
about quality companies that are
available on sale — you can make what I'm going to call performance statements
in your portfolios, as opposed to what I'm going to describe what a lot of investors try to make, which is fashion statements.