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bar1080

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bar1080

Re: None

Sunday, 04/02/2017 11:06:48 AM

Sunday, April 02, 2017 11:06:48 AM

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Q. Thoughts on averaging down fallen stocks? A. Personally I've never averaged down. I figure that I was wrong the first time, so why buy more. Averaging down pennies that are often scammy and floorless is asinine. Only average down quality stocks and especially if the drop is caused by market softness, not company shortcomings.

Buffett HAS occasionally averaged down, but he has a staff of hundreds of the best security analysts, lawyers and accountants to determine an investment's safety. You don't.

Buffett only buys quality large cap stocks. But even Buffett buys some bad stocks. When he thinks he's made a mistake, he unloads quickly.

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