42 Tips about Buying And Selling

1 2 3 4 5
One big reason we like to hold cash is that my inherent nature is to feel something better to buy is always going to come along and I want to have the...
People would disagree with me on this, but I don’t think you can sell based purely on your valuation analysis. The stock has to at least be at fair...
It’s a lot easier to know when to buy something than when to sell it. In general, when the upside/downside ratio from the current price gets to...
If a company is doing well and continues to earn an attractive return on capital, I’m in no hurry to sell. We will sell when events materially...
I don’t believe everything is either a buy or a sell – some things are worth holding to stay connected to the company and learn more about it....
It’s when we’re truly negatively surprised that we typically exit a position. If we’re surprised, that usually means management is also and that...
Given the way we invest, we will fall into value traps from time to time. In general, we try to constantly remind ourselves that when an industry goes...
Value investors should completely exit a security by the time it reaches full value; owning overvalued securities is the realm of speculators.
We’ve been too quick at times to sell high-quality businesses. The mediocre ones you buy for 50 cents on the dollar, and when they get to 90 cents...
If value keeps building in the business, that provides a cushion against round tripping over time and we’re happy to be patient. We also think a...
1 2 3 4 5