I fantasise about holding quality companies for decades. Of following in the footsteps of Terry Smith, David Herro, Charlie Munger, and the Nicks Sleep and Train and owning great businesses for the long-term.
In reality alas I’m at best a sometimes-prescient buyer of growth stocks. More often I’m an opportunist. Turning over my portfolio like I’m playing a shell game. Hunting for a 20-50% hit before moving on to the next one.
