Here’s one example why I’m a buy and hold person: I once had a person in my office who was a huge apple fanboy. If apple made it, he probably bought it. He got invited to do beta testing (or whatever it’s called) for them.
I told him he should look at AAPL. I had bought some a long time ago and it had been doing well. I’m not sure he ever did, but each time bad news came out about the company, for the longest time he’d come in my office to see if I was selling it all. I never did, no matter the news, and he eventually quit asking. I’m not sure he ever bought any of the stock. Despite all the bad news and world events, holding it has worked out; we’re up around 3000%. AAPL is an extraordinary company, and we’re lucky to have it. We’re lucky that we’ve never had a reason we had to sell it. We also have others up over 1000%, and they’re all long term holds. Of course it could all go to pot at some point.
One good thing about winners is that they sure make up for the duds, like when I took a flyer on the National Bank of Greece
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