9 Tips about Long-term

Early in my career I had 20% of my portfolio in Johnson & Johnson just before Tylenol was laced with poison. My objective is to produce an...
I remember calling on Phil Carret, the legendary founder of the Pioneer funds, and I asked him how he possibly could keep tabs on over 200 stocks in...
We’re focused on four sectors that have exhibited unvarying demand regardless of economic activity and that have key fundamental strengths that help...
I have a ready answer when people ask me why I’m such a long-term investor, which is because I failed miserably as a short-term investor. I’m not...
I did a simulation of how often a top money manager earning 20% per year with a 15% standard deviation would lose money over short time periods. A 20%...
A[n] argument is made that there are just too many question marks about the near future; wouldn't it be better to wait until things clear up a bit?...
We have no problem buying things that take a long time to play out. Call me lazy, but I don't want to worry about last week's same-store sales or next...
Tags: time, long-term
If we’re right on the long-term trends, our bias is to stay with a trade for many years to allow that to happen. We try to avoid getting itchy every...
Our turnover is typically in the single digits. It’s great when something goes up 50% in a year, but if you sell it you’ve got transaction costs...