“When a stock price falls, buy, don’t sell.” Warren Buffett
Buffett followed his own advice last year when he lost $2 billion in a matter of days after disappointing earnings reports drove down the prices of some of his biggest investments. But in general, his advice is to buy dependable long-term stocks in companies whose industry and business model you thoroughly understand.
As mentioned in my earlier
post, I chose to add on to my position in Super Group despite the recent sharp drop in its share price. Technically I used the dividends I received in May so far to buy these Super Group stocks.
Perhaps to recap, I have previously written about Super Group (read
here,
here,
here,
here,
here and
here).
So why did I do that? eg. Buy some lots in Super Group. The critic in me would ask. Well, a ......