Deep down, we all need a binary formula to rely on like buy & forget or momentum investing but from experience we learn that it doesn’t work that way all the time and these are just too narrow ideas for a system like the stock market.
Buy & forget candidates are slow/steady compounders that are rare & available at expensive valuations, which are always difficult to buy at current market price(that’s the trick markets play on us). Even if we get through this impedance, it is extremely difficult to stick to our own rules and hold on to it during the drawdowns(-40% or more price correction followed by narratives like growth slowdowns or other attractive opportunities available in the market, etc). This trait of handling drawdowns is what separates men from the boys. It is the constant research & unwavering confidence in our own time-tested rules, we get the conviction & patience to stay on course, otherwise for the question ‘is buy & forget a myth?’, from personal experience can say ‘it depends’.
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