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RE: How Buffett Influenced The Race Of The 1st Trillion Dollar Market Cap Company
My Apple story will make you shudder. I persuaded my fund manager to buy Apple at $38 - before the split. Over time he accumulated 2100 Apple shares. This became too large a relative holding in the portfolio and he started selling off.
I took over the portfolios and started writing covered calls against what was left and was assigned a few times. I now have no Apple shares. That 2100 shares would now be worth $2.8 million and would be more than 60% of my assets
I do not go back and look at how many Amazon and Google shares I bought in 1999 in the DOT COM boom. That would disappoint me as they all got sold before the collapse in 2000
The beauty of the Markets is it always gives us opportunity. The thing that is against us is time.
PS - where did you learn how to trade? I read your post every day and you are well versed in the Markets.
I have been investing over 30 years. I trained as an accountant and worked as a management consultant - that gives good tools. Instarted trading froex and did a lot of Learn to Trade courses here in Australia. I then did the whole training series with Trading Pursuits and was mentired by Brad McFadden for nearly two years from Daily Trading Report. A lot of my thinking coems from his experience.
Writing up 245 of these posts has taught me a lot too.