Dear members, We have been running VIA Club since May 2018. For the first year, my portfolio actually declined by 12% at the end of 2018. I am very grateful for members who have been with us since the beginning. And more importantly, you believed in my investing philosophy even though the results were not showing it. Of course, fast forward 2 years now, I feel that our results are finally showing that my idea of buying and holding wonderful stocks is working. But today, I would like to share the journey of how I came to that conclusion. After all, it is a concept that is not widely held by investors or even among value investors. Until today, my family members, which I managed some portion of their portfolio over the past decade, do not fully understand why there is a need to hold on to a winning stock instead of realising the profit....