I love the comments by Peter Lynch in the video below. That thinking is why I would prefer miners to stay low, and even go lower, as long as I have money to invest. It’s simply because I think mining stocks have probably not been more undervalued perhaps ever than they are today…
(Notice the laughter in response to his “I love volatility comment”. I think it is quite telling because what is self evident for a value investor like Lynch is foreign for most)
Might as well add the nugget below as well.
“Stocks are not lottery tickets. There is a company behind every stock…”