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Re: RealDutch post# 1189

Friday, 01/22/2016 11:57:39 AM

Friday, January 22, 2016 11:57:39 AM

Post# of 9444
Yeah, I've also had a few other duds in the China space, including CCCL. Did you ever try that one? I still have my CCCL shares, don't know what to do with them except wait. And SKBI is a puzzle to me, since it was trading at $8 only 18 months or so ago, but once again, I'm holding and will see what happens.

I don't know if I ever told you my strategy for never losing money again in the stock market -- which I developed after the disaster of 2008. I basically decided I would never again sell for a loss. If a stock goes up, I will consider selling it, and have done so since I began this strategy. But if it goes down, I will wait it out, and if it goes to nothing, then my heirs will take the loss after I'm gone.

Now is that a goofy strategy or what? Or maybe no more goofy than the stock market itself.