MNB 2.04% 5.0¢ minbos resources limited

Ann: Minbos launches P4 concept study, page-125

  1. 995 Posts.
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    In addition to Buffet and Munger we should mention Rick Rule (guess you've heard of him)
    who said that after investing in good looking stocks it has rarely happened in his career that
    his picks did not suffer a 50-100% paper loss at sometime or other before rocketing to the
    profitability eventually that he foresaw. I think this is exactly the situation here and I'd
    rather follow his opinion than the sell low type of advice. Another guru once said about
    putting in stop losses was that its for people who don't know what they are doing. Same
    goes for overdiversification. It all comes down to sitting and not so much to buying and
    selling. Patience is golden!
    Kutyak
 
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