I too tend to find that Buffett quote a bit misleading when we think about individual stocks. He moves stuff around all the time and is highly opportunistic in certain scenarios. What I love about Buffett is his passion for investing and his openness about mistakes. Some losses are the macro cycle, some losses are our own wrong calls — most heal with time.
You couldn’t have said it better. Actually I was writing a piece about Buffet’s style and the misunderstanding or myths in the investing community, but I saw the piece a bit ill-timed after he announced his retirement.
Let’s celebrate his contributions today and I will share that article and my views in a future Weekly.
I too tend to find that Buffett quote a bit misleading when we think about individual stocks. He moves stuff around all the time and is highly opportunistic in certain scenarios. What I love about Buffett is his passion for investing and his openness about mistakes. Some losses are the macro cycle, some losses are our own wrong calls — most heal with time.
You couldn’t have said it better. Actually I was writing a piece about Buffet’s style and the misunderstanding or myths in the investing community, but I saw the piece a bit ill-timed after he announced his retirement.
Let’s celebrate his contributions today and I will share that article and my views in a future Weekly.