The QCOM Thread

[fenders53]

Held MSFT, CSCO and INTC with the never sell mentality. Fifteen years later I admitted to myself that was an idiotic idea because I could have bought just about anything consumer staple and been FAR better off. Wish I had taken some profits when I was up 200 to 300% and they had PE's north of a zillion. Valuation always matters in the end, and nobody here is immune. It took Buffet a long time to admit holding KO at a PE of 50 was just stupid. Cheer leading doesn't pay all that well at some point. If INTC and CSCO run up another 40% from here, after the longest bull run in the history of the US market just occurred, then I would be even after only about 20 years. Call it patience if you like. I call it a real bad idea. It's a small miracle I hit my long-term investing goals in light of mistakes like this.