Wonderful thread and enough wisdom has been written by veteran investors on buy & hold strategy.
In my opinion , the important criterias to work this strategy in your favour are if age is on your side to bear huge drawdowns , you as an individual calm & relaxed or FOMO driven personality, personal circumstances throughout this period , emergency fund provisions for unexpected life turning events, face to face experience of atleast one bear market with good drawdowns ( atleast 30 % ) in your portfolio & your discipline to bear that drawdown and finally your stock picking ability including margin of safety assessment on valuation.
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