CloroxCowboy

On Buffett-Back Riding

The author makes a very important point in his conclusion. I experimented with riding some of his picks earlier in '08. Some, like BNI and NSC, worked out well for me, but others are still floundering. Above all, it taught me that my investing style does not match Buffett's. I'm not inclined to buy a company and hold it forever, even if it would have worked out well 5-10 years down the road. It's just not the way I like to do things. Make sure you understand that Buffett is buying stocks that he thinks will pay off according to his timeframe, and that if your timeframe doesn't match his you should avoid this play.