Author Topic: Favorite Stock for 2020  (Read 14331 times)

Viking

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Re: Favorite Stock for 2020
« Reply #40 on: December 31, 2020, 08:27:14 PM »
From my perspective, the great lesson from 2020 is to follow the facts.... and when the facts change update your portfolio accordingly.

Fairfax was my top pick at the start of 2020. Once the pandemic hit and it was clear a severe recession was coming, i sold 100% of my position. Recently, i am once again back in Faifax in a big way... but at prices +30% lower than where i sold in late Feb.

Capital preservation is a second very important lesson. Very hard to recover from very large losses.
« Last Edit: December 31, 2020, 08:50:37 PM by Viking »