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bar1080

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bar1080

Re: swingingRichard post# 213226

Sunday, 06/11/2023 4:53:20 PM

Sunday, June 11, 2023 4:53:20 PM

Post# of 221373
No offense taken. Every day IHUBbers are exposed to stock market hokum. One of my favorite boxcars of BS is the constant advice to take profits immediately or often. Or "No One Ever Went Broke Grabbing a Profit."

At first glance that seems sensible, but investors need some big gains to offset the inevitable losses. Where would Buffett be without Coke, American Express, Apple and above all, GEICO which BRK and Ben Graham owned since the late 1940s.

Holding longterm shouldn't be worrisome for those who buy quality issues. Best to let winners run, and cut losers fast. You can see why scammy stocks don't want the unwashed masses to know that.

______________________________________________________________
Because the Good Life is Just a Pump or Two Away

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