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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (30288)	3/10/2008 4:13:07 PM
From: Jurgis Bekepuris	Respond to of 78673

Actually, in this year's shareholder letter, WEB admitted that he made quite a few mistakes. :) But I am mostly with Grommit on what he said. I wrote the following for myself, but it may be useful for others, so, with dereference to Buffett, here it is. It is not aimed at you or any other poster personally. :) --------------------------------- - The world is not ending. If it was, there would be a reason to flail and whine. Even then it might be better to wine and dine, but it's your choice. :) - If you care that your stocks dropped 2% today, you are not an investor business owner, but rather a speculator. - If you are an investor and businesses are cheap, you don't sell them expecting them to become even cheaper. If businesses are cheap enough for you to buy, you buy them and not delay expecting them to become even cheaper. - The technical break-downs, supports and trendlines do not affect the businesses you own. Really. :) - The FED decisions and macro events do not affect most businesses either. Same thing about cratering of some over leveraged banks or hedge funds. If these events affect the businesses you own, you should consider whether you really want to own them. Sometimes you do, but then you should be ready to go through thick and thin. :) ------------------ Best regards