Monday, February 18, 2008

Investors must remain patient and calm

I want to remind our members again that we have to remain steadfast, calm and patient.
Patience in the face of risk, volatitilty and temporary impairment to portfolio values.
In fact we have just seen some screaming buys in the last 3 weeks. For example GE selling at around $33.00, SLB briefly below $75. These are companies with very wide competitive moats in their respective fields, and are poised to give long-term investors very exciting returns.
In investing, the physchology quotient is as important as the intelligence quotient and patience is a key attribute of the physchology for successful investing.
I deliberately have not written for a while on this blog. Sometimes we just have to relax and let time do its part of the work - Kunle