Not much to say here. This is more of a Mea Culpa.
I sold my fair share of companies because of speculation. That’s ok. Its those companies that I sold due to my poor prospecting skills and my poor grasp of the behavioral side of things that will always stay with me.
Once you sell something, there is a great chance you won’t revisit it again, if the price ends up higher. You may always look to collect on the cheap.
My friend taught me with Straco and UMS to always understand and stay true to prospecting.
And that is perhaps where I am deficient and I need to work on. You are not getting any younger to keep making these mistakes again and again.
Today, 2 good post.
We all know about Buffett’s filing of Exxon purchase but this was the second time Berkshire owns it.
It was a rather hefty mistake. Buffett isn’t infallible.
Bloomberg | Ritholtz | Warren Buffett’s Exxon Bungle
Brooklyn Investor did a good summary of Exxon, which was mentioned in The Outsider. It’s a very detail account.
The Brooklyn Investor | Exxon Mobil
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
You can view Kyith's current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
- Being Wealthy is a Feeling and Based Less on Math. But it Actually Means A Wealthy Person will have an Absurdly Low Safe Withdrawal Rate. - February 3, 2023
- Singapore Savings Bonds SSB March 2023 – Ten Year Yield Goes Up, One Year Goes Down (SBMAR23 GX23030A) - February 1, 2023
- Should You Retire at 30 Years Old with $1 Million or Retire at 40 Years Old with $10 Million (As a Singaporean)? - January 29, 2023