Mike,
Thanks, as always, for sharing.
I came here looking for a "defensible investing methodology," and I think I've found it. Since my arrival on this thread, I've sold some non-gorilla stocks, purchased some gorilla stocks, and held onto a particular "shinny pebble" with enormous potential. As a relative newcomer to investing in individual stocks, I keep several dog-eared tomes at the ready for ready reference. Included are the rfm, the two prequels, Tornado and Chasm, Christensen's The Innovator's Dilemma, the Gardner brothers', You Have More Than You Think, and the Motley Fool Investment Guide. (I purchased Roth's Leaps, but have yet to crack that one--not ready yet.)
I slept surprisingly well during the recent market volatility. I'm both comfortable with and responsible for my investing choices. It wasn't pleasant watching my portfolio dip so precipitously, and I did consider selling, but after I factored in the tax consequences of selling, and the impossibility of determining the optimal re-entry point, I finally opted to just do nothing. Not being prescient, I have no regrets about my decisions. It seems by temperment, I am a ltb&h investor.
Janet
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