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Weijian has so beautifully said something like this; that Buy and Hold is an approach, not a method (sorry, I can not remember the exact words he used, but the meaning is such), and I 100% agreed to it and have been practicing it all the time. I always buy a stock with the intention to hold LT (my approach), but my subsequent actions towards the stock (buy/sell) will depend on circumstances (my method).
This investing style may not serve me best, but certainly serves me well.
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(18-10-2022, 11:00 AM)Ben Wrote: Weijian has so beautifully said something like this; that Buy and Hold is an approach, not a method (sorry, I can not remember the exact words he used, but the meaning is such), and I 100% agreed to it and have been practicing it all the time. I always buy a stock with the intention to hold LT (my approach), but my subsequent actions towards the stock (buy/sell) will depend on circumstances (my method).
This investing style may not serve me best, but certainly serves me well.
Hi Ben,
I think I probably tried to differentiate between
principles and
methods.
Principles are timeless and enduring.
Methods are 2nd order derivatives
as a result of the principles we subscribe to.
So yes, arguing about methods is pretty much futile because all of us adopt different principles according to our temperament. It is my firm belief that each of us have our own temperament (for us to discover), and based on our temperament, we instil our principles and hold onto them dearly. When all these foundation firmly built, we can look at all the methods (and there are so many!) and use them accordingly.
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.