Letters by Topic
Letters on Long-Term Holding
The strategy of buying excellent businesses and holding them indefinitely, allowing compounding to work over decades.
1977·First articulation of the infinite holding period
Our favorite holding period is forever.
1988·On buying Coca-Cola and the intention to hold forever
I will be a retiree from Coca-Cola in 2078, or so I have told my grandchildren.
2014·Reinforcing the patience thesis
The stock market is a device for transferring money from the impatient to the patient.
Explore the concept
Long-Term Holding is one of the ideas behind the ValueOS tools. See it applied to real companies.