Quote:
Originally Posted by NewMoney
What you say makes a lot of sense. I'm honestly curious though how you would rationalize riding a stock down with a major downturn in the market such as occurred after 9/11? Wouldn't you want to stop-out of a stock and preserve capital? (presuming someone would buy as the market tanked)
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If you like eating hamburgers, why complain when they are suddenly 50% cheaper for a period of time?
This should only be a concern to you when you are on the sell side. I am on the buy side. I will be on the buy side for at least another 20 years.
Mr Buffett can explain that much better than I. You may want to dig in his BRK reports a little.