Warren Buffet is simply a voice for longterm investing. In my 5 years of concentrated investing one of the main reasons I couldn't get ahead was because I held onto shares for to long and didn't sell at their peek, finally realising after the shareprice kept decending that my money was disappearing down the drain. The fall in the oil price a few years back was a classic example of this.
I don't like repeating my situation here at ANW but I will repeat it for the defence and wisdom of trading.
I have only been with ANW for a year or so but I bought in at an average of .008 accumulating 3 million shares. When the share-price hit .034 a month or two ago I sold 2 million shares and finally after 5 years of learning from my mistakes and indecisions I had the money I had set out to get, retaining 1 million shares for future trading or longterm value.
There are shareholders who have been accumulating ANW shares [also investors in other companies] for several years and are still sitting on their shares, which have only just reached 2 cents again, waiting for sometime in the future when their value will be a multiple of what they are now. I am not knocking this approach but to believe that this is the only viable/honourable way to invest is simply naive and foolish in certain circumstances.
Warren Buffet is not the guru of investing he is only experienced in a certain style.
If you
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