5 Comments

People talk about zero inbox. How about going one year with zero gross proceeds!

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Interesting article, some great points. What is your take on Berkshires 'hyper trading' prior to 2006, there is an article (academic paper) that highlights the average holding period of a company being Months in Berkshires portfolio.

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Jul 19, 2023Liked by The Rational Walk

I used to try to calm clients by suggesting that the more a stock declined the less they had to lose—at zero you have nothing less to lose. I recall Buffett once recalling someone noting that you lose 100% jumping off of a pancake. For all of us the issue is how do we deal with uncertainty? Particularly when it comes to our own money. Odd that the broker counsels us to diversify, when the minister, priest, rabbi admonishes us to think twice and marry well.

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