Werner I am in for the long term which in my book means lifelong. In our discussion I refered to interalia SOL,KIO,APN,TBS etc.If I could have known upfront for instance of the SOL direction I would have responded by moving that money to a more profitable allocation even for the time being.And that is exactly what I do nearly on a daily basis.If I am convinced that elsewhere can be done better, I move.I don't wheel and deal, I evaluate, consider and think twice before acting. Most shares will not be sold on average during any given 12mnths and some nearly never.But the "probleemkinders" will.What I said is that sometimes I am caught off guard as mentioned and that those mistakes are expensive.Just as Wiese is in his business for longterm I am in mine.But our businesses differ. And it work well for me with YTD(2015) outperforming the ALSI(5%) with a reasonable 14,8%. I wont normally describe this as timing the market but rather reacting to the obvious, only sometimes the obvious become a little blurred. Damn,you will have to be fairly intelligent to understand this, even I am struggling to follow my own argument.You remember the reference to "gut feel" and common sense? I am not a Trader but I try to be as alert as a Trader.
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