Warren Buffett: The Life and Business Lessons of Warren Buffett

by George Ilian

when it comes to investing—as in life—patience is a virtue.

seeking out education and guidance in unlikely places and taking bold personal chances.

holding period

What is a 'Holding Period' A holding period is the real or expected period of time during which an investment is attributable to a particular investor. In a long position, the holding period refers to the time between an asset's purchase and its sale. In a short sale, the holding period is the time between when a short seller buys back the securities and when the security is delivered to the lender to close the short position; in other words, holding period is one day. Read more: Holding Period http://www.investopedia.com/terms/h/holdingperiod.asp#ixzz4jXLDJfAP Follow us: Investopedia on Facebook What is a 'Long (or Long Position)' A long (or long position) is the buying of a security such as a stock, commodity or currency with the expectation the asset will rise in value. In the context of options, it is the buying of an options contract. A long position is the opposite of a short (or short position). Buying a call (or put) options contract from an options writer entitles you the right, not the obligation, to buy (or sell) a specific commodity or asset for a specified amount at a specified date. Read more: Long (or Long Position) http://www.investopedia.com/terms/l/long.asp#ixzz4jXMJ2j00 Follow us: Investopedia on Facebook What is a 'Short (or Short Position)' A short, or short position, is a directional trading or investment strategy where the investor sells shares of borrowed stock in the open market. The expectation of the investor is that the price of the stock will decrease over time, at which point the he will purchase the shares in the open market and return the shares to the broker which he borrowed them from. Read more: Short (or Short Position) http://www.investopedia.com/terms/s/short.asp#ixzz4jXMU9iRV Follow us: Investopedia on Facebook