Mohacsy's Safe Portfolio Member Forum

[10nisman]

Ask Warren Buffett if he thinks he could have turned his losses in Wells Fargo into gains if he had only been patient for another five more years. Even Warren Buffett finally changes course when he realizes he's made a mistake. But not everyone is capable of doing that.

First, Berkshire made money on Wells Fargo. Second, Berkshire would have made an additional $10 billion had they held shares for another year. https://www.barrons.com/articles/wells-fargo-rally-highlights-warren-buffetts-mistake-in-selling-big-stake-in-bank-51642179924

Perhaps accumulating increasing losses increases your confidence in the investments you've made. If that works for you, don't let me stop you.

Like I said earlier, if you cannot handle losses in the short-term, you shouldn't be invested in common equities.