Trading Axiom for Investors (refresher)
“The first rule of investment is don’t lose money. And the second rule of investment is don’t forget the first rule. And that’s all the rules there are.” Warren Buffett
“Avoiding loss is the most important prerequisite to investment success.” Seth Klarman
"Avoiding permanent loss of capital is the number one rule." Bruce Berkowitz
"As Warren Buffett said, "In order to succeed you must first survive." You need to avoid ruin. At all costs." Ed Thorp
"We feel the first and foremost responsibility of every investor is preservation of capital." Seth Klarman
Gentlemen I will be keeping my powder dry on the sidelines for the timebeing till I see some semblance of order to this Company, the position we are in in currently is inexcusable.... we waited patiently for Permits for a couple years then we get the Holly Grail of Permits and we are going on 2 years now still waiting for financing and some or any updates....
I`m sorry but there is something wrong and I have thought that for quite awhile now. I will be keeping a small stipend of about 100k in this company waiting for the next catalyst (or when monkeyhere tells me to buy back in LOL) then I will buy back fully coz I do believe CRE is a Diamond in the Rough.
GO CRE GO !!!!