“Selling your winners and holding your losers is like cutting the flowers and watering the weeds.” – Peter Lynch. In one of Berkshire Hathaway’s shareholder letter, Warren Buffett quoted a line from the book “One up on Wall Street” by Peter Lynch. The quote is “Selling your winners and holding your losers is like cutting […]
“All investment evaluations should begin by measuring risk, especially reputational” -Charlie Munger. Our stock performance reflects a great success during the past six years. It is primarily because of two reasons. First, the entire market was in a bull run. Second, we were lucky to pick some good winners. Our Success Our Failure We are […]
“A lot of people with high IQs are terrible investors because they have got terrible temperaments” – Charlie Munger If there is one thing which is responsible for making or losing money in the stock market, it is Behavioral Biases. Each of the below topics deserves a full chapter but lets us review them […]