No. of Recommendations: 6
DTB,
I am sorry if it came across as boasting. The reality is I am now so slow to make major changes that my default setting is to leave things as they are.
I wished my settings were as glacially slow back 20 - 23 years ago when we owned Apple, Phillip Morris and Labcorp
You and I both! If I had kept my 1600 shares of Apple that I owned in , I think, about 2002, I would now have about 60,000 shares worth about $18 million.
But I was not referring to your boasting, but rather, Buffett's, the boasting you found inspirational! And so it is, in a way: holding on to good companies and not selling just because the price is up a bit, is, I am quite confident, the correct default strategy. But if the company has become just ordinary (my opinion about Coca Cola), the high dividend rate, based on the low historical purchase price, should not be the reason for hanging on, that's all.
d
