RE:RE:RE:RE:Again lagging the sector....Warren Buffet's wisdom is sound, as it should be.
I am not sure of the wisdom of selling a stock that is, "lagging" the sector in favour of ones that appear to be leading the sector.
If I was looking to buy into the Oil sector I would be looking for a stock that is lagging the sector with great fundimentals as it may have the most to gain.
I would be looking for CVE.
GLTY and all
MaynaardKeanes wrote: Warren Buffett, in the annual meeting in 1997, commented that it was a mistake to sell interest in wonderful businesses.
He also stated very clearly the reason why.
"I think it’s usually a bad mistake to sell your interest in wonderful businesses. I don’t think people find them that often."
"And I think they get hung up if they’ve sold them at X that they want to buy them back at 90 percent of X, or 85 percent of X, so they’ll never go back in at 105 percent of X."
"I think, on balance, if you are in a business that you understand and you think it’s a really outstanding business, that the presumption should be that you just hold it and don’t worry."
"And if it goes down 25 percent in price or 30 percent in price, if you have more money available, buy more."
"And if you don’t, you know, so what? Just look at the business and judge how it’s doing."