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Old 01-22-2007, 03:28 PM
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Dee8go Dee8go is offline
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Join Date: Apr 2006
Location: The People's Republic of Arlington, VA
Posts: 7,197
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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