. If you had bought Coke when it launched at $45
in the 1920's and still owned it now you'd be a multi-millionaire. If you had
invested $100,000 in Berkshire in 1964 today you would be a
billionaire
Brian and Fiona Brakenbridge
Trouble is
you would be 100 years old. Cant take it with you,
the kids want action and they want it now. This
is the throwaway age.
Long term these days is six months.
The whole worlds
speeding up, people simply are not as patient as
they used to be and have more distractions. Would
Mr Buffet if he was a young man now adopt the same tactics he did then?
Computers have lots to do with
it, when all the global indices are at ones
fingertips and bargains seemingly leap from our
screens with promises of easy bucks who is gonna want to wait 50 years to be
rich? Who has the discipline
to stick with one stock through thick and
thin?
Either way your
gonna need luck and skill. How many fundamental
investors get rich like Buffet?
Nick
p.s contrarian from way back, only buy when fundamentals are
bad
and technical indicators are even worse.
See IRG research reports
