Following Buffett and Munger, I tried to hold the

I'm not Buffett, I'm a bookworm

Following Buffett and Munger, I tried to hold the stock for a long time. After looking at it for more than a decade, I decided to endure it, leaning on the investment philosophy they taught me. I stopped trading for nearly two years and stuck to buy and hold only. I focused on reading and writing instead, away from stocks. I led a life away from the stock chart, pulling my mind together through activities other than investment.

But the market crashed in August. The principles that had been built up in the meantime collapsed in an instant. I tried to follow Buffett or Munger's method, but in the face of the waves of reality, I was confused. As major shareholders, they are bound by a big crash, but I am different. I am an individual investor who can sell my entire fortune at one asking price. So why do I have to just look at the melting account?

For small retail investors, the best weapon is light capital. Freedom to throw them all at one asking price, the ability to sell them automatically when needed. It's a strategy that Buffett doesn't have, but it's possible for me. Auto-sell is a weapon of only small investors that they can never use.

I'm not Buffett. I'm just a bookworm. How many people can hold a stock for 10 years like Buffett? Maybe one of 1,000 people doesn't. The stock price fluctuates, and most investors who can't stand that long period of decline end up pressing the sell button in half.

So I set my own principles. Let's sell boldly before minus 10%.