Warren Buffett Says Only Buy Stocks You’re Comfortable Holding For Ten Years, Otherwise Don’t Bother Even ‘Owning it for Ten Minutes’

If you distilled investing legend Warren Buffett’s philosophy down to a few words, it’d likely be as simple as “buy and hold.” The chairman of Berkshire Hathaway (BRK.B) (BRK.A) thinks that day trading is a fool's game, and chasing trends is a great way to end up holding the bag. Nothing exemplifies this better than what he told investors in his 1996 letter to shareholders, “If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes.” Buffett believed that buying ...