I think these kind of Buffett principles create more loss than anything else in years like 2018.
I can see lot of Hiroshimas and Nagasakis in today’s market, yes they dont destroy in one day, but they are moving towards ZERO slowly, and people just hold on to it in the garb of “long term investing”
Long term investing done on wrong stocks can be as lethal as FNO margin trading
True I still know some people who hold jp associates at 145 suzlon and 90 . And Reliance capital at 2000+ levels. They still are optimistic that these stocks will rebound some day.
I am holding long dollar position for few days, the USDINR opens gap up (INR is gap down), I feel OK. And suddenly I see this tweet… I was like WTF!!! what did I miss . Did I Miss cash market opening move ( I hold futures)…. and I scramble for cash market quote…