BUYING AND SELLING CONSIDERATIONS
“We believe that according the name ‘investors’ to institutions and individuals that trade actively is like calling someone who repeatedly engages in one-night stands a romantic.”
WARREN BUFFETT, 1991 LETTER TO THE SHAREHOLDERS OF BERKSHIRE HATHAWAY
IN THE PREVIOUS chapter we looked at a number of rules that top investors recommend when they buy and sell particular types of stocks. This chapter takes a broader approach and looks at rules irrespective of the stock type. Once again, a thorough study of the approaches of the world’s top investors shows that there is a great similarity in their activities. Although the way they buy and sell varies depending on personality and style, they almost all share ...