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Stocks B / Berkshire Hathaway


Subject:  Re: Still cheap at 4 year high Date:  10/5/2012  10:28 AM
Author:  rationalwalk Number:  194674 of 218895

Maybe the best solution is to think about the business and not the stock price?

Of course that is the proper way to look at things, but nearly all investors have psychological biases related to stock prices (anchoring, waiting to "break even", depression when a stock price falls immediately after buying, euphoria when a stock price rises rapidly, etc). Obviously not everyone suffers from all of these biases. But most people are affected to one degree or another.

I very much doubt that I will sell any shares until I need the money for living expenses.

Then that would ignore any price to value considerations between now and then