Some thoughts. Everyone says they are contrarian but when you see how they invest they are not. The market is inefficient, when a company you find attractive falls in value, unless you are all in on one stock, you should be, with the proper judgement and actions, take advantage of it. A quote by the greatest investor of all time rings true now;
“To refer to a personal taste of mine, I’m going to buy hamburgers the rest of my life. When hamburgers go down in price, we sing the ‘Hallelujah Chorus’ in the Buffett household. When hamburgers go up in price, we weep. For most people, it’s the same with everything in life they will be buying — – except stocks. When stocks go down and you can get more for your money, people don’t like them anymore.”– Warren Buffett, Fortune magazine:
My current best performers went down before they went higher: -bought montage gold in Feb 2021, trickled down -30% and is now up 200% -bought Skeena May 2019- went down 20% and is now up 700% -bought VZLA in Nov 2019- was in 30% drawdown at one stage, now up 500% - Was down 30% in WAF in 2018- now up 350%
What do they all have in common? I have held them for years, they are all now free carry. Note: some smart investor or trader sold these shares to me.......... oops on there part . To trade in and out of these stocks can be done, but if you own dozens of them it will take too much time and you'll likely miss the major moves. Sit back, relax and let the companies work for you, and if it one stage some wankker wants to sell a company you judge to be valuable for pennies on the dollar then ignore the whingers; for years from now you may just be the one dancing to the bank! Also, the professional doomsdayers that were on my best performer threads when I was buying them are no longer around....... says it all. GL All IMO
DRE Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
. To trade in and out of these stocks can be done, but if you own dozens of them it will take too much time and you'll likely miss the major moves. Sit back, relax and let the companies work for you, and if it one stage some wankker wants to sell a company you judge to be valuable for pennies on the dollar then ignore the whingers; for years from now you may just be the one dancing to the bank! Also, the professional doomsdayers that were on my best performer threads when I was buying them are no longer around....... says it all. GL All IMO
(20min delay)