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