Originally Posted by
percy
Old guy walking past our place today stopped and asked me how the sharemarket was going.He had spoken with my wife a few weeks ago and she told him it was my hobbie.
He is 92,still does a two hour walk when it is fine,and against his family wishes he still skiis.
He told me he holds EBO.I said I brought them in 1991 and sold out last year.
He brought his at issue in either 1983 or 1985,and has added to his holding when they had capital raises.
He has only ever brought shares.Never sold any.!!!!!!!!!!!!!!!!!!!!!!
He has never asked for a share broker's advice,just rings him when he wants to buy.
He said the money is made making careful selection,paying attention to who the directors are, and the company must have a strong balance sheet.
A very wise old Bear.