Letter, page-17

No Falcon. I do understand. But it is your choice to "hold" rather than take profits occasionally. If I chose to take profits from time to time, that doesn't make me wrong either. Nor does it subordinate me to some sort of "sub-class trader".

My point is that I am hardly going to vote for someone who doesn't know the actual value of the company and cannot see when it is overvalued (time to sell) or undervalued (time to buy). Just because he is passionate, does not make him right. Just because he has an opinion, does not mean he is correct. And just because he lost money, does not mean that he has been robbed.


Regards
Kit