Warren Buffet, ‘If you do not intend to hold on to a stock for 5 days, do not even think about holding it for 5 days.’; ‘It is foolish to expect a stock price to rise the next day after you buy it.’
冷眼‘建房子需要等五年,收割油棕需要等五年,做生意从开业到回本赚钱需要等五年,为什么买股票不可以等五年?’
Master investors had given us enough advice and wisdom on the need to have a long term view on stock investment, as shown in the couple of quotes shared above. However, such long term mentality is exactly what is missing in the investment process of majority of the retail investors.
I was sharing with colleagues FCT and Riverstone Holdings as 2 counters which I see investment merits in. As a fundamental investing guy, naturally I informed them of the good fundamentals of these 2 companies in terms of rising revenue, consistent profit margin, low debts, stable dividends etc. Guess what they responded?
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