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

To: E_K_S who wrote (35087)	8/13/2009 11:42:27 AM
From: Paul Senior	Read Replies (1) \| Respond to of 78774

"I could go on regarding most of my top ten holdings, where almost half are legacy long term buys." Yes, ltb&h. I'm with you there. My impression is that for me, that's where most of my money has been made. Not sure exactly what timeframe I mean by ltb&h, but it's certainly closer to ten years than to five or two or the USA gov't's 12 mo+1 day. From posts on SI, elsewhere, LTB&H very underrated, if not disparaged. To be expected, but disappointing to me to see it. So many people with less than ten years even in the market, let alone holding on to a stock for that long. It seems like ltb&h stocks only get discussed as ltb&h stocks when there's some unusual news or when people start to make sales of shares. -g- Of course this is the value thread, where the idea is to buy undervalued and to sell when stock appreciates to fair/fully valued. So sales could often be - and maybe are expected to be - within a short timespan, e.g. within a couple of years or even much less. ====== It's conceptually easy to see that ltb&h has worked in the past for some people. Maybe most or many of the few people who've been such investors. It's hard for many people to believe that it will work now for them: to buy something with the actual intent to hold for years, and then actually stick with the holding. It's easier to see, do, and understand when you have one or two of these stocks in your portfolio for the long time it requires for the company to grow its business and the stock to become a multibagger. Then it's easier to become a convert.