I fantasise about holding quality companies for decades. Of following in the footsteps of Terry Smith, David Herro, Charlie Munger, and the Nicks Sleep [1] and Train and owning great businesses for the long-term.
In reality alas I’m at best a sometimes-prescient buyer of growth stocks. More often I’m an opportunist. Turning over my portfolio like I’m playing a shell game. Hunting for a 20-50% hit before moving on to the next one.