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Strategies & Market Trends : Buffettology
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To: Sr K who wrote (4571)2/26/2017 7:59:12 PM
From: Sr K  Read Replies (1) of 4691
 
"Confusion about this point"

arose because Charlie Munger did an interview, in Forbes I think, saying "our favorite holding period is forever."

Buffett never said it, Charlie said it.

The new line at the end of #11 is:

To clean up some confusion voiced in 2016, we emphasize that the comments here refer to businesses we control, not to marketable securities.
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