Lately, I was reflecting on my investing mistakes and life in general, and realized that one of my biggest weakness is not having an exit plan. Having an exit plan is important both in investing and in a career as well. Also, these days through reading more books I find that I am able to seek answers from questions that actually have very little answers to it. Contrary to Warren Buffett’s famous quote of “Our favorite holding period is forever”, I think this is simply not that great advice given that the fundamental tenet of markets is that they are random. What I mean by this is that you cannot simply like a stock, buy a stock, and leave it there forever with no plan on exiting. Based on my personal experience, I am able to make sound investments but I always lacked an exit plan. Source: Warren Buffett, AZ Quotes. Please, this is not sound advice in our opinion as nobody knows what lies in the future....