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I'm sure that's true for many shareholders; anecdotally I'm a very happy US Steel shareholder (especially after today!). There are many folks who are long-term

I'm sure that's true for many shareholders; anecdotally I'm a very happy US Steel shareholder (especially after today!). There are many folks who are long-term-value oriented who would much rather own a healthy and sustainable business than something that looks good short-term but is getting IBM'ed long-term. Case in point: Warren Buffett and See's Candy. I like the steady accumulation of equity or dividends paid out to me. The business doesn't need to go to the moon for that to happen.

lavajava 3y ago
Can you please explain how Warren Buffett has IBM’ed See’s Candy over the long-term?
- FredPret 3y ago
  I meant the opposite. Warren Buffett is letting See's Candy is happily chug along, staying true to their identity (as far I hear, I'm not a customer), whereas another investor might have insisted on quick quarterly results and ended up IBMing them.