Join over 10,000 people who receive Michael Covel's newsletter & podcast episodes.

as seen on:

Buffett & 10 Year Rule

“If you are not willing to own a stock for 10 years, do not even think about owning it for 10 minutes.”
Warren Buffett

Buffett is dead wrong.

If you follow Buffett’s wisdom, you never have traded:

  • Microsoft
  • Oracle
  • Sun
  • Cisco
  • AOL
  • Any telco stock.
  • Any bio-tech stock.

These stocks have been some of the biggest up and down trends in history. Huge profits have been made. Is Buffet’s quote a rationalization of why he sat on the sidelines?

His comment speaks directly to the inability to use fundamentals effectively to trade in the uncharted territory of new companies. So while Microsoft soars to the moon, Buffett declares it’s too new and he doesn’t understand it. Trading Microsoft effectively did NOT require an understanding of their balance sheet or business model.

Buffett may have had tremendous successes, but don’t let him delude you. More.

Trend Following Books
Trading Systems

Pricing for trend following systems, risk management, trading psychology and black swan strategies. Absolute return systems and education for brand new traders and established pros. Thousands of clients across 70+ countries. Client feedback.


The Trend Following™ podcast. Listen now on iTunes and Android. Top authors and traders plus alternative commentary. 5M+ listens across 188 countries & territories.

Small Town Guy Makes Millions

His trend following experience on video sent to your home. Get your free video delivered immediately.

TurtleTrader® Site Map

Small town guy makes trend following fortune. His free lesson delivered on video: GET VIDEO NOW.