RE:RE:FDR and the Unseen ForceExactly.
Taking profits might help you *stay* rich, perhaps as a rebalancing plan among asset classes. But the key to obtaining serious wealth is owning great businesses, as Buffett would say.
If those great businesses get bought out, then the question is out of your hands. A nice problem to have.
Buffett said at least a few times that his preferred length of hold period is “forever”. Conveniently, forever should be over relatively quickly for us Founders owners.