RE: New Research Note24 May 2022 11:25
And I make no excuses for my fav WB "sage" sayings
“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.”
“Successful investing takes time, discipline, and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant.”
"An investor should act as though he had a lifetime decision card with just twenty punches on it.”
“There is nothing wrong with a ‘know nothing’ investor who realizes it. The problem is when you are a ‘know nothing’ investor but you think you know something.”
“You only have to do a very few things right in your life so long as you don’t do too many things wrong.”
“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.”
“Predicting rain doesn’t count, building the ark does.” (I'm sure he meant Arc)
“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”
Arcm effectively stagnated for over 2 /3years whilst the work went on behind the scenes,some whinged,some traded,some sold and some bought more and held on tight ! If the reasons for buying in the first place were right then increasing Arc's overall % gradually made them "even righter" :-))