No. of Recommendations: 6
"" If we accept the proposition that the typical active investor underperforms the broad market, then we would have to conclude that the "know nothing" investor who dollar cost averages into a broad index will end up with better performance in the long run. This is one of the great ironies of investing!
In my case, choosing to invest in Berkshire Hathaway was the right choice, both in terms of performance and owning an asset that I could understand and identify with over long periods of time. Warren Buffett and Charlie Munger never guaranteed results, but they did guarantee that their economic outcome would match my outcome and I knew with certainty that I would be treated fairly. That knowledge allowed me to stay the course through some very tough periods.""
https://rationalwalk.com/staying-the-course/
No. of Recommendations: 5
Was a good article. I first started buying Berkshire in late 2012, and have built it and it has grown to a very large position. I don’t look back at this time period thinking it was hard to hold. I feel I understand the business fairly well, but if I’m honest, having Buffett and Munger at the helm is a fall back and has helped me hold on through any mistakes, or difficulties.
When the repurchases kicked in, that reinforced my position, and I bought more shares along with the company.
I hope to stay the course, and likely will on my taxable shares, but the shares I own in IRAs will likely be the first to go if I lose conviction under the next regime.
