$NVR Inc(NVR)$$微軟(MSFT)$$蘋果(AAPL)$
Saber資本的John Huber在他的年度信中提到了這一點:
“在過去5年裏,除了極少數的例子,蘋果可以說跑贏了幾乎所有的基金,我說的不單是股票,還有硅谷的風險投資、各類大學捐贈基金以及家族基金等。這些資金的背後都有很強的資本運作能力和分析能力,但他們都輸給了蘋果。”
一般人都發現了,賣錯比買錯的情況要頻繁得多。從我們成立基金以來,幾乎所有的錯誤都來自於賣出的決定。
幾乎所有擁有“無懈可擊”的投資記錄的投資者都是那些發現偉大公司並忍受市場波動和公司波動的人。
查理·芒格稱這種投資方式爲:Sit On Your Ass (請自行翻譯)
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