(12-21-2021, 09:53 AM)Kerim Wrote: .......and it has always happily resided in the “never sell” corner of my holdings. - Kerim
I never say "never sell" and I do have quite a lot of patience.
I do follow "Rarely Sell" - If a companies fundamentals have continued to deteriorate over a substantial period of time, If the companies overall business strategy has changed (That I do not agree with and thus my reason for investment no longer exists), Intrinsic corporate Value continues a lengthy decline, Continued lower market guidance over numerous quarters / years and long-term prospects show no indications for reversal. Loss in faith of management and board to turn business around. (For consumables a substantial long term shift in public sentiment/trends).
If a Security I have invested in dips significantly I try and determine is this a permanent shift or just short term hurdle. If short term; I Invest more capital.
If I liked the investment at X , I "really like it" while on sale at Y. If a "continuous" drop in share price is an indication of continued lengthy downturn - I cut my losses.
** The only exception to above is Berkshire (as these shares are not for me), They are my financial legacy for my Nephews on my passing, I Feel I am just the steward. **
Just my 2 cents (Others mileage may vary, and usually does)
- Scoot
"If you're going to put money at risk, make sure the reward is high enough to justify the time and effort you put into the investment decision".- Michael Steinhardt
“Faced with the choice between changing one’s mind and proving that there is no need to do so, almost everyone gets busy on the proof.” — John Kenneth Galbraith