Great collection, but hereās the thingā95% of people quoting Buffett donāt actually invest like Buffett. They trade, they chase, they time the market. Does quoting him mean anything if youāre not willing to sit through a 50% drawdown?
While my investing style is totally different from Buffett's, I have no problem sitting through 50% drawdowns. I've even gone through 85% drawdowns (e.g. Shopify in 2022).
Great collection, but hereās the thingā95% of people quoting Buffett donāt actually invest like Buffett. They trade, they chase, they time the market. Does quoting him mean anything if youāre not willing to sit through a 50% drawdown?
I agree with this.
While my investing style is totally different from Buffett's, I have no problem sitting through 50% drawdowns. I've even gone through 85% drawdowns (e.g. Shopify in 2022).