Treat your holding like you own the business, only act when the...

Treat your holding like you own the business, only act when the business has changed not because of price movement.

It hard when the internet ticker price change every minute but the only way you can achieve multi baggers and get rich as a long term holder is you must understand the business and you unphased by rumour, market fear and general price movement.

if you are scared the best way to buy and hold long term business is you invest where founder and management has large stake in the business because you can be reasonably sure as long as their holding is in tact and they haven't exited the business, they will work hard to make money for themselves as well as you.

I like to be in business where management and founder has massive stake in the business
CCP, PGH, FLT, JIN, ONT, MYX etc..

MYX is now under performed and I am unphased by the share movement, in fact, I add more.

The longer time frame I have never lose a single dollar invested in such business, temporary yes NEVER long term.