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Dan McMurtrie - The Next Market Wizard

The Business Brew

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How to Deal With a Position That You're Long Really Working

For most individual securities, there's probably something unique about the holder base in there and their motivations. You know, if like there are certain names that were 80% of the float is owned by passive. So how are you going to argue to me that at any point that thing is going to be value based on the value? If your goal is your own money to compound it and after tax raid for 50 years and you're convinced you have an Amazon, a Facebook, whatever, I don't know that you need to really do anything, but you need to be psychologically prepared.

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