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Peter Lynch once said that for every five stocks you buy, on the average two will go up, two will go down, and one will stay about the same.
I try to buy shares of companies whose management impresses me a lot, who show steady gains over time, and whose managers own a lot of the company's shares. I usually don't consider selling unless one or more of those things change.
The value of my house has gone up and down (mostly up, though) over the years. I didn't rush to sell it as soon as I saw the housing market getting a little soft. I look at my other investments about the same way.
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" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century
OBK #55
1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles
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