accounting lesson for beginners, page-50

capman wrote: ""It's called smart trading strategy carpman rather than the blinkered "buy and hold even though the stock's going down" c/r/a/p. I'm a trader and long term investor. The only way to be."

I'll absolutely stand by that capman. My modus operandi is to accumulate large parcels of shares I consider cheap, hold for the long term but of course trade out if the fundamentals do not justify holding.
With BBI, I've accumulated over 7 million of these. I'll have no hesitation in trading out if they get to an overpriced situation. Long long way to go before they are overpriced.
Of course I've made mistakes (AZC, ADI and many others over the years) but in those cases I did not invest nearly as much as I have in BBI. Why? Because I am not technically proficient in mineral sands operations and oil and gas is very speculative by its very nature. I invested $200K in ADI (less in AZC) and am taking a severe haircut on both.
BBI is easy to understand. It's INFRASTRUCTURE.

Have a good day.