Analysing the figures, 64% (607 bad buys) were sold within six months of initial purchase, whilst 42% (397 bad buys) were sold within three months. Only 17% (157) of bad buys were held for longer than one year. Indeed, 99% of all bad buys were sold within three years. Stated more starkly, only 12 investments that were realised for a loss were held for longer than three years. Most professionals sell quickly. I am sure some of that is down to outside pressure from clients or bosses, but even a reluctant Assassin is better than an unrestrained Rabbit.
