$SBUX and $AMZN since 1998. I had not much money at that time and invested 3000 DM (ca $1500) in each. For AMZN I sold some in 2000 ($3000) and some along the way, it's my second largest position today (>$300k), for SBUX I sold some along the way and added some in 2008, it's my fourth largest position today ($100k). So you have to hold your winners, to get a 100 bagger. If you add to your winners, it's even better. This lesson I still have to learn.
For better or worse, I invested in a diverse but predominantly US set of stock funds through my employer’s retirement (401k) plan in the mid 1990s and left it untouched until the middle 2010s. I would have benefited a few percent by switching to lower cost funds when I left the company but the investments certainly grew.
Thanks for this one, I really like that quote about identifying what will remain constant while others chase what's temporary. Great way to think about it. Thanks.
$SBUX and $AMZN since 1998. I had not much money at that time and invested 3000 DM (ca $1500) in each. For AMZN I sold some in 2000 ($3000) and some along the way, it's my second largest position today (>$300k), for SBUX I sold some along the way and added some in 2008, it's my fourth largest position today ($100k). So you have to hold your winners, to get a 100 bagger. If you add to your winners, it's even better. This lesson I still have to learn.
Thanks for sharing Jens, great story!
My longest held investment is also my most profitable - namely Mastercard; held since 2012 and which is up 9x the initial investment.
Mike
Wow great hold! Thanks for sharing!
Great! Very inspiring! Charlie Munger’s quote is a huge truth. Thanks!!
Glad you enjoyed 👍
For better or worse, I invested in a diverse but predominantly US set of stock funds through my employer’s retirement (401k) plan in the mid 1990s and left it untouched until the middle 2010s. I would have benefited a few percent by switching to lower cost funds when I left the company but the investments certainly grew.
🙏
Thanks for this one, I really like that quote about identifying what will remain constant while others chase what's temporary. Great way to think about it. Thanks.
Thanks Joel 🙏