Selling too soon is a mistake
– Continue investing (learning)
– Understand financial statements
– Patience, judgement & decision important
– Safety is very important
– Good mgmt, good business model
– Minimum 3-5 business years
– Buy things cheaply (discounted) value investing
– Bottom up investor (focus on business)
– Conservativism in valuing a business (discounted cash flow etc)
– Buy business which are survivibililily despite adversity (safely is important)
– Focus on being a long term investor
– Asset heavy business like Coca Cola, good business to