When the way the market sees a stock differs substantially from how you see it, someone's making a mistake. The big question is who.
For some time, you've been outlining reasons why Microsoft will be enjoying a prosperous future. I agree with many of your observations. But before the stock can appreciate strongly, those who do not share your positive opinion about this company must be proven wrong. Most people change their minds slowly. And when it's time to confront the fact that they may have made a serious error in judgement, many will put remarkable energy into resisting. In many ways, emotion, ego, pride, and stubbornness play a major role in investment decision making, and often a greater role than research, analysis, and logic.
Try to be patient. Sound decisions are rarely made when one is in a hurry. In investing, mistakes can be costly. You've made the case for a great future. If your confidence in Microsoft is dissipating, be sure it's because of new evidence undermining the reasons supporting your original assessment and not because some imaginary timetable is not being followed.
Microsoft stock will appreciate, but only those who continue to hold their positions will benefit. Do you wish to be among them?
Cheers, PW.
P.S. As a small child, our family took an automobile vacation into cottage country. In those days, roads were atrocious. We'd hit pot holes that seemed larger than our car. I commented that I didn't want to be on this road. Father told me that this was the road leading to where we wanted to go. I continued complaining. My discomfort with the road overpowered my desire to reach the destination. With every bump, I wanted the journey to end. I feel the same way about investing today. I struggle with keeping the destination in mind. It isn't easy, but it's necessary. |
