03-19-2014, 02:55 PM
When I hear (read) DG investors talk about holding "forever" I assume that is just shorthand for a core holding that is expected to be held for an extremely long time with a minimum amount of anxiety and review. I never assume that the person means literally "forever" and without any monitoring whatsoever. Any investor of any sophistication understands that conditions can change and that there is no holding that will be immune to all future events.
Interestingly, though, this reminds me of Buffett famously saying (something like) when he buys, he would be indifferent whether the market closed down entirely for the next five or ten years. But I think such a position is far more applicable to the type of value investing he does than to dividend growth investing.
Interestingly, though, this reminds me of Buffett famously saying (something like) when he buys, he would be indifferent whether the market closed down entirely for the next five or ten years. But I think such a position is far more applicable to the type of value investing he does than to dividend growth investing.