Lanceljx
11-15
Long-term investing works only when the underlying business can survive shocks, keep generating cash, and stay relevant for decades. Time amplifies quality—but it also punishes weak companies—so “hold forever” applies only to firms with moats, discipline, and low existential risk.

If I had a limited number of lifetime “punches,” I would reserve them for a few durable names:

Berkshire Hathaway for its cash strength and crisis resilience.
Microsoft for its irreplaceable software ecosystem.
Alphabet for search, YouTube and its data moat.
Amazon for AWS and its unmatched logistics.
Visa/Mastercard for their global payment rails.
Costco for a membership model that compounds steadily.
Nvidia only with careful sizing, given its AI leadership but higher volatility.

These are the types of companies I would hold for years through any cycle, because their business models age well rather than fade with trends.

Buffett Farewell Letter: Is the Last Lesson Resonating With You?
Buffett released his Thanksgiving farewell letter, announcing that he will no longer publish his annual shareholder letters. He used a distinctly British expression — “I’m going quiet” — to mark the end of his legendary 60-year investing career. Buffett revealed another $1.3 billion donation to charity. He concluded with a parting lesson: “You can never be perfect, but you can always be better.” Has Buffett inspired you in your own investing journey? As this Thanksgiving marks the end of an era, what reflections does his farewell evoke in you?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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