WARREN BUFFETT SAYS…

  • “Rule No. 1: Never Lose Money. Rule No. 2: Never Forget Rule No. 1.”
  • “If The Business Does Well, the Stock Eventually Follows”
  • “It’s Far Better to Buy a Wonderful Company at a Fair Price Than a Fair Company at a Wonderful Price”
  • How long should you hold a stock?

    • Buffett says if you don’t feel comfortable owning a stock for 10 years, you shouldn’t own it for 10 minutes. Even during the period he called the “Financial Pearl Harbor,” Buffett loyally held on to the bulk of his portfolio.
    Unless a company has suffered a sea change in prospects, such as impossible labor problems or product obsolescence, a long holding period will keep an investor from acting too human. That is, being too fearful or too greedy can cause investors to sell stocks at the bottom or buy at the peak — and destroy portfolio appreciation for the long run.
    You may think the recent financial meltdown changed things, but don’t be fooled: those unfussy sayings from the Oracle of Omaha still RULE!

    Source: Article posted on Yahoo.com

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    Published:
    03.01.10 12:45
    Category:
    Financial