I was reading an article on MLPs - Master Limited Partnerships... Kinder Morgan (KMP) is one of these... which we've written about in the past. What was funny about the article was what the author tossed in near the end.
It has been my experience that it is not what you buy that matters - it is what you hold on to. When one has confidence that they know the key metrics, one tends to hold on to investments with superior performance metrics. When one buys based on borrowed opinions, both the confidence to pull the trigger on the right investments and the comfort to hold those right investments is lacking.
You've heard me say this a few zillion times now. INVESTING is about confidence. YOU ALL must invest in companies (stocks) that YOU have confidence owning - thru good times and BAD. In the long run that's how you make money. Not by trying to buy low and sell high week to week or this six months vs next year.
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