Originally Posted by Houston_2
Originally Posted by Clarkm
I have been all in on MSFT, GOOG, and AMZN since 1994

A 3 bagger.

You’ve done very well.


In 1994 I had been losing 20% per year for many years.
I scheduled a meeting with my father who made 20% per year.
Normally there was rivalry between me and my father over who was smarter.
I had to humble myself to change.
My father told me that the stockbrokers were wrong 95% of the time, and it was my responsibility to figure out when they were right.
He said, ~ "You don't buy a stock because it is going up and you don't sell a stock because it is going down."
"You buy a stock because you have a reason, and you don't sell as long as you think the reason is still true."

One of the Koch brothers quoted HIS father as saying ~ "I hope your first deal fails, so you can be humbled."


There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. -Ernest Hemingway
The man who makes no mistakes does not usually make anything.-- Edward John Phelps