Two seemingly opposite quotes of Warren Buffet are both relevant in the context of equity investment:-
1. “Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted in patching leaks”.
a) Don't hold on to such investments trying to average them to reduce your losses.
b) Instead, review and focus the available resources towards avenues which would yield better results for your financial goals.
2. “No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant”.
a) Investing is a marathon and not a 100-metre sprint race.
b) Take your time without rushing, as you are investing for the rest of your life.
1. “Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted in patching leaks”.
a) Don't hold on to such investments trying to average them to reduce your losses.
b) Instead, review and focus the available resources towards avenues which would yield better results for your financial goals.
2. “No matter how great the talent or efforts, some things just take time. You can’t produce a baby in one month by getting nine women pregnant”.
a) Investing is a marathon and not a 100-metre sprint race.
b) Take your time without rushing, as you are investing for the rest of your life.