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Yes, his strategy is about the opposite. It relies on doing very good stock picking and then holding the stocks for a long time. I wonder if buy and hold is as
by wladimir 16y ago
Yes, his strategy is about the opposite. It relies on doing very good stock picking and then holding the stocks for a long time.
I wonder if buy and hold is as good of a strategy now as it was back when he started. He had the luck to start at a time from which there was a decades-long growth in the stock market.
- AndyParkinson 16y agoIt is. Size is Buffett's anchor now. If you give him a small amount of money, say $50Million, I think he'd do wonders with it. I model my investing style after what he was doing about 10 years into his career and its worked out well for me with very little stress. The only reason I sell is if I find something that looks like a better value, but even if I'm right to move elsewhere the taxes make me question my decision every time.