Subject: Re: Hold the damn stock
The point of my post is that over the years, and the years past fast people, I have participated in Berk forums. In the beginning I owned about $1 mil of the combo of Berk and AJ Gallagher, both not much covered by Wall Street and both never considered to be THE place to be as far as the heat of the moment.
So during this time the Berk forums (Thank goodness not today!!!! The forum is great today) would be over-taken for years by Buffett bashers, the "old man out of it" and "near dead man who didn't understand technology" and whatnot. Cisco, Amazon...they all were the focus of those down on Buffett, we went years of "Bezos should be the head of Berkshire," or "John Chambers is god of investing" and the like.
I owned 25 shares of Berk and 62,500 shares of AJ Gallagher and thought to myself, "All I have to do is watch. I don't need a deep analysis, Mr. Buffett will take of that. My goal is to be emotionally stable and hold the damn stock."
My net worth just holding the two stocks above has gone from about $1 mil during this time to almost $40 mil. And again, my post is about business ownership, that you don't need what you don't need. But you do need patience.