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Patience: the toughest investing lesson I ever had to learn

That's for sure! It's one reason I like short term options, they match my attention span much better than LTBH.


One more thing: I typically use the BMWM for solid companies who have been around for along time and have a track record of weathering "storms"; not newer companies, or companies in the tech arena where things can be obsoleted quickly.

I believe this to be a central tenet of the BMWM, the companies need to have a believable track record. This excludes much of high tech which has a high turnover and one must make sure the companies continue doing what they have been doing all along.

BTW, it's one reason Mike limited his chart to a minimum of 16 years.

Denny Schlesinger
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