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05-20-2022, 10:30 PM
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Sage
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Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
Posts: 7,867
Thanks: 14,314
Thanked 5,108 Times in 1,955 Posts
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Quote:
Originally Posted by Cranford61
If he were so astute, he would not need to sell. I’ve done unbelievably well by just hanging in there…doing nothing. Buying 10 sh of BRK in 1992 a $16,600@ was helpful. Thought I was crazy since it had been $8000 earlier that year. If this astute investor was selling prematurely, it was because he had a profit…and no one got rich paying capital gains tax. He had less to reinvest in his next adventure.
Clark Clifford, a renown Washington lawyer, once analyzed a complex deal. His summary was 2 words, “do nothing”. And enclosed a bill for $25,000.
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I bought a few shares of BRK @ $3,000 in the mid 1980s. Lucky buy.
__________________
"No one is more hated than he who speaks the truth." Plato
“To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine
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