Warren Buffett says

“Our favorite holding period is forever. We are just the opposite of those who hurry to sell and book profits when companies perform well but who tenaciously hang on to businesses that disappoint. Peter Lynch aptly likens such behavior to cutting the flowers and watering the weeds.”

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“We trade real estate for technology (which gets cheaper and more capable every year).”

“Warren talks about these discounted cash flows. I’ve never seen him do one.”

“If you’re long-term oriented, customer interests and shareholder interests are aligned.”