I never said they buy-and-hold (although sometimes they do—see Coca Cola and See’s candy, for example). The fact that they actively manage their portfolio shows that they are able to pick winners. What they are doing is working.
I never said they buy-and-hold (although sometimes they do—see Coca Cola and See’s candy, for example). The fact that they actively manage their portfolio shows that they are able to pick winners. What they are doing is working.