January 26, 2022

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Peter Lynch - When Should You Sell? (2002 Interview)

The video below is of Peter Lynch, former manager of the Magellan Fund at Fidelity, where he answers a few questions during a 2002 interview with Louis Rukeyser. This reminds me of an experience which I shared in the book
"Having the opportunity to invest in good companies that deliver consistent earnings growth requires good timing and some luck. With over 937 companies listed on Bursa, only a handful have the qualities of these three companies. Once you let it go, it is unlikely you will be able to buy back at a reasonable entry price unless luck comes your way. I admit that my youth and impatience contributed to my judgment error. After selling these two companies, I could not find a replacement in the same category for a long time. However, I did use the profits to invest in Allianz during the selloff in April 2018, when the share price traded below RM10.
Through this experience, I have learnt that this theory propagated by short term traders, “if you sell now, you can always buy back at a lower price later” is complete malarkey. Short term traders’ mindset is all about immediate profits and they will very likely miss out on consistent rewards."

Passage from "Once Upon A Time In Bursa : The Money Equation", Chapter 4, Page 40

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Last modified on Friday, 02 July 2021 11:57

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This  information should not and cannot be construed as or relied on and (for  all intents and purposes) does not constitute financial, investment or  any other form of advice. Any investment involves the taking of  substantial risks, including (but not limited to) complete loss of  capital. Every investor has different strategies, risk tolerances and  time frames. You are advised to perform your own independent checks,  research or study; and you should contact a licensed professional before  making any investment decisions.

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