obiero wrote:VituVingiSana wrote:You do realize all this is 20/20 in hindsight.
That said, I applaud your call/advise to sell (not buy) safaricom.
I am a fundamental guy & I will not dip into safaricom unless it is 5/- or lower!
7 years ago, the wazua master of disguise was saying that SCOM at KES 5 was too expensive
Yes! An error I made BUT it is better not to make a gain than lose money by buying a piece of crap. Do I regret it? Yes. Do I obsess over it? No.
Example: I made an "Opportunity Loss" by not buying Safcom at 5/- or 10/- or even 15/-. I did not lose real money. Plus I made money by reinvesting in other shares [though not as much as I would have had I bought Safaricom].
Even Warren Buffett said he should have bought Microsoft shares back in the day. BTW, he and Bill Gates are good friends!
I made a REAL loss by buying KQ at various prices [but I sold out at 13-14 in 2012]. I was lucky when I reinvested the proceeds into much bette firms/counters.
Warren Buffett's 2 rules:
1) Do not lose money.
2) See Rule #1.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett