Image Source: I had never heard of the stock in my life until I noticed it as one of the best-performing stocks in every single category of the Killer Longs post. Check out this chart:
What I find striking about it is that, yes, it has ascended steadily over the decades, but notice how the nature of the ascent changes.In the early 1990s, it formed a classic, smooth, perfectly formed rounded bottom. The next rounded bottom was almost textbook.Afterward, the patterns became progressively:
It’s just another illustration about how the “true value” market of 1990 is utterly different than the “anything goes” market of today, since I suspect TPL’s deep store of value has been fully exploited by now.More By This Author:Plucked Like A Chicken Roblox BreakoutSizzling Silver
