Excellent-Excellent perspective by Mr. Buffett. T
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Posted On: 01/23/2023 10:05:28 AM
Re: Thunder4402 #27852
Excellent-Excellent perspective by Mr. Buffett. Thanks for posting it.
Just because one buys shares in a company, say at $2, and the PPS drops, does NOT mean one has to stay with that same investment until it reaches the $2 break-even point. If someone does NOT believe in the company any longer, it's actually quite simple to SELL all shares and move one's remaining investment to a stock that one actually believes in and figures to increase in value from there. The mindset of feeling compelled to stay with each investment until "the break-even" point is achieved ... is totally LAME. It's a Whacked Wisconsin Weenie perspective.
I know of one hyper-sensitive, emotional and greedy Low-IQ buffoon, who apparently shot his wad all at one time, buying all his shares in a short window of time at something like $2.45. Moronic move. Did NOT invest patiently ... Did NOT accumulate over time. As an investor in a stock, it's wise to keep funds available in order to take advantage of any major dips / beaten down prices.
I have found Dollar Cost Averaging to be tremendously beneficial. I am thrilled to have added so many more Verb shares as the PPS dropped so dramatically over the past few months. Me thinks it's been a great BLESSING.
-- Who stays invested in a company where they have ZERO belief in the company's products, people, business, or future growth prospects?
-- Who stays invested in a company that they hate?
-- What kind of emotional freak bashes their own investments?
Probably someone with some kind of syndrome ... like DumbAssItis ...
or possibly a scheming, lying Financial Terrorist.
Just because one buys shares in a company, say at $2, and the PPS drops, does NOT mean one has to stay with that same investment until it reaches the $2 break-even point. If someone does NOT believe in the company any longer, it's actually quite simple to SELL all shares and move one's remaining investment to a stock that one actually believes in and figures to increase in value from there. The mindset of feeling compelled to stay with each investment until "the break-even" point is achieved ... is totally LAME. It's a Whacked Wisconsin Weenie perspective.
I know of one hyper-sensitive, emotional and greedy Low-IQ buffoon, who apparently shot his wad all at one time, buying all his shares in a short window of time at something like $2.45. Moronic move. Did NOT invest patiently ... Did NOT accumulate over time. As an investor in a stock, it's wise to keep funds available in order to take advantage of any major dips / beaten down prices.
I have found Dollar Cost Averaging to be tremendously beneficial. I am thrilled to have added so many more Verb shares as the PPS dropped so dramatically over the past few months. Me thinks it's been a great BLESSING.
-- Who stays invested in a company where they have ZERO belief in the company's products, people, business, or future growth prospects?
-- Who stays invested in a company that they hate?
-- What kind of emotional freak bashes their own investments?
Probably someone with some kind of syndrome ... like DumbAssItis ...
or possibly a scheming, lying Financial Terrorist.
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