2015 Biotech Charity Contest Message Board

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Biotech / Medical : 2015 Biotech Charity Contest

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To: BulbaMan who wrote (309)	7/20/2015 8:12:08 AM
From: IRWIN JAMES FRANKEL	Read Replies (1) of 407

>>in the real world most investors rarely hold on to stocks long enough to have multi-bagger gains. That’s almost always been true in my own case. I think that is a critically important lesson. It is my biggest mistake. Several times my largest position, a stock I had confidence in, doubled or tripled and I sold it. Some of them went on to 10x, 20x or more. (ANAC was never a big position for me - but I did own it and sell too soon.) After realizing my error, I held GENT (my #1) from 5 to buyout in the upper 50's. The difference is stunning.

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