I must admit that I have been neglecting my blogging responsibility. However, in my defence, when times are good, there usually isn't much to talk about. I realize that there is always something interesting happening, but at least as far as the stock market is concerned, things have had been pretty good. That is, until very recently.
Like many value focused investors, I bought a number of businesses during the market crash of 2008. In hindsight, it was a golden opportunity. Even though, I bought in too early and during the depths of the crash marked-to-market, my net worth dwindled to extreme lows, I didn't panic and held the units. That patience paid off. I didn't sell anything in 2009 and only got rid of a minor stake so far in 2010.
I believe that a patient investor, even if he/she didn't catch the bottom of the crisis, will eventually see a significant growth in his/her net worth.
However, it wouldn't be a smooth ride...
