I've held many of bags. Some of them all the way to a smoking hole in the ground. But several of the bags turned out to be winners that far outstripped the losses.
I prefer to invest in the management of a company, rather than the financials. I'm willing to see them through the bad times if I believe they're on the right track. I've been a patient investor of Intel since the 90s. But a couple months ago, I finally gave up and sold it. It pained me a great deal to do so, but Intel just seems to have lost its mojo.
Sure, my Twitter stock may have tanked under Musk. But I am willing to be patient with him.
Let's say I invest in 10 stocks, and hold, hold, hold. 3 of them go to zero. 3 do modestly ok. 3 do well. 1 goes up a hundred fold. The other 9 are irrelevant.
I prefer to invest in the management of a company, rather than the financials. I'm willing to see them through the bad times if I believe they're on the right track. I've been a patient investor of Intel since the 90s. But a couple months ago, I finally gave up and sold it. It pained me a great deal to do so, but Intel just seems to have lost its mojo.
Sure, my Twitter stock may have tanked under Musk. But I am willing to be patient with him.
Let's say I invest in 10 stocks, and hold, hold, hold. 3 of them go to zero. 3 do modestly ok. 3 do well. 1 goes up a hundred fold. The other 9 are irrelevant.