Good morning from Germany!With all the back-and-forth thinking...

Good morning from Germany!

With all the back-and-forth thinking about which stocks to buy or sell, holding isn't exactly present. However, it is the essential enabler that gives us long-term success. And that without doing anything else.It is not for nothing that our buy-and-hold approach is a two-part approach.

Of course, we have to buy a stock to own it. But that is one decision among many. Every day, every month or every year, while maintaining the same quality, we also have to bring ourselves to leave them in our depot and benefit from their sales and results. Sometimes also from growth, from a dividend or from other quality features that we have just relied on.

Warren Buffett, arguably the most successful investor of our time, is the prime example that buying or selling stocks isn't his blueprint for success. He rarely invests himself, and sells even more rarely. Some of his positions in the Berkshire Hathaway portfolio have existed for decades and will remain so. So don't underestimate the importance of owning the stocks we own. It's actually the more important choice among the three choices.