Sep. 14 at 5:33 PM
$ADUR 1) “If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes.” Warren Buffett
He realised that the industry operates on a 90-day cycle, with investors obsessing over quarterly earnings reports and Wall Street analyst upgrades.
However, a person who wishes to be a successful long-term investor to beat the index must have a multi-year mindset.
Short-term thinking to terrible decisions.
In April of 2022, Bill Ackman famously panicked and sold
$NFLX
for a huge
$400M loss.
This was after the company lost just 200K subscribers in Q1 2022. This was simply panic selling, and an investor of Ackman’s caliber and experience should have known that. He was too focused on short-term thinking. It was clear that the subscriber loss was driven by the end of COVID lockdowns. There was a lot of pull-forward demand, so people were cancelling the subscriptions to focus on outdoor activities.
