William,
Thanks for the interesting post. A conundrum that has
dogged me has been, "Should I really be planning for
20 or 25 years from now?." In one sense yes, if I want
to retire comfortably. In another sense, it just doesn't
make sense to count on something lasting 25 years. People
die (maybe even me, countries disappear,etc. This issue
also relates to my dilemma -- when to sell? We'll never
get rich if we sell all of our 50% gainers, but what if that
gain is within a month or two? Back in January and Feb I
was pretty paranoid and inquired as to how to use value investing
to short stocks. A more relevant question is how does a
value investor know when to sell a stock? Should we go
with Buffett, or should we say, hey the last 50 years
have been a great market and we shouldn't count on that
for another 50 years?
Just my thoughts. The Nifty Fifty are currently
extremely relevant IMO,especially the 10 year drought
that followed.
Good Investing,
Mike |
