Letter to Alan Beasley, page-52

"If you wait long enough, you should be able to almost never sell at a loss, if you choose your industry well. With MC, you're in the right space."

You are spot on! I've seen some amazing turn arrounds in SP's in just a matter of months. After one year on the stock market, I have never sold any stock at a loss (12 companies so far). I do have losses, of course, but only on paper...if you can wait, one, two or even more years, than you will reap the rewards of your investment in MC.