The $BYD COMPANY(01211)$ example stood out to me. Long-term investing requires patience and conviction, especially when the market hasn’t fully recognised a company’s potential. Position sizing also matters because even a great thesis can hurt if the position is too large.
My biggest takeaway is to treat every stock as owning part of a real business. If I couldn’t sell a stock for three years, I’d want to be confident in its moat, management and growth potential. That mindset helps me stay focused and avoid getting emotional with Mr. Market.
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- fizzloo·08-28 16:52TOPMoat-wise I care more about cost control and vertical integration at BYD than the analogy itself. Brand helps too, but that part still needs time to prove out1Report