Patience $RIBT Continental Grain is just beginni
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Posted On: 10/05/2019 4:53:07 PM
Patience $RIBT Continental Grain is just beginning it's 3rd year as a 16% investor(Now 21%). Stock is up from $1.07 for them, but they have added a lot in the $3's. I am guessing their average is about $2.00?
http://www.streetdogs.co.za/stdgarticle.asp?readID=5309
I’m accustomed to hanging around with a stock when the price is going nowhere. Most of the money I make is in the third or fourth year that I’ve owned something.” – Peter Lynch
In his book, The Art of Execution, portfolio manager Lee Freeman-Shor tells how he invested over a billion dollars with forty-five top investors. There was just one rule: They could only invest in their ten best ideas. He then tracked their performance over several years and found that the most successful group – which he called the Connoisseurs – had two things in common: “the presence of a couple of big winners in their portfolios [and] a high boredom threshold.”
“Meeting some of my Connoisseurs could be very, very boring,” he writes, “because nothing ever changed. They would talk about the same stocks they had been invested in for the past five years or longer.
The fact is, most of us will find it difficult to emulate the Connoisseurs because we feel the need to do something when we get to the office every day. We look at stock price charts, listen to the latest market news on Bloomberg TV, and fool ourselves into believing we could add value from making a few small trades here and there. It is very hard to do nothing but focus on the same handful of companies every year; only researching new ideas on the side.
Many of us, seeing we have made a profit of 40% in one of our stocks, start actively looking for another company to invest the money into – instead of leaving it invested. This is precisely why lots of investors never become very successful.
Most multi-baggers have long periods of stagnation as fundamentals backfill, old shareholders get bored, and new shareholders enter. They take time to ascend and develop.”
http://www.streetdogs.co.za/stdgarticle.asp?readID=5309
I’m accustomed to hanging around with a stock when the price is going nowhere. Most of the money I make is in the third or fourth year that I’ve owned something.” – Peter Lynch
In his book, The Art of Execution, portfolio manager Lee Freeman-Shor tells how he invested over a billion dollars with forty-five top investors. There was just one rule: They could only invest in their ten best ideas. He then tracked their performance over several years and found that the most successful group – which he called the Connoisseurs – had two things in common: “the presence of a couple of big winners in their portfolios [and] a high boredom threshold.”
“Meeting some of my Connoisseurs could be very, very boring,” he writes, “because nothing ever changed. They would talk about the same stocks they had been invested in for the past five years or longer.
The fact is, most of us will find it difficult to emulate the Connoisseurs because we feel the need to do something when we get to the office every day. We look at stock price charts, listen to the latest market news on Bloomberg TV, and fool ourselves into believing we could add value from making a few small trades here and there. It is very hard to do nothing but focus on the same handful of companies every year; only researching new ideas on the side.
Many of us, seeing we have made a profit of 40% in one of our stocks, start actively looking for another company to invest the money into – instead of leaving it invested. This is precisely why lots of investors never become very successful.
Most multi-baggers have long periods of stagnation as fundamentals backfill, old shareholders get bored, and new shareholders enter. They take time to ascend and develop.”
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