If you pursue As soon as you make a purchase It has to skyrocket Can't there be a penny or a minute of floating losses? Good luck then Let's go back to the fairy tale world Everyone talks about Buffett being a god in general terms Actually, it's not a big deal for Mr. Ba to lose 50% 1. Goldman Sachs (2008-2013) Investment time: September 2008 Floating loss margin: 52% (stock price of $55 vs exercise price of $115) Final profit: $3.1 billion (dividends of $2 billion+capital gains of $1.1 billion) 2. Bank of America (2011-2017)** Investment time: August 2011 Floating loss margin: 31% (stock price of $4.92 vs exercise price of $7.14) Final profit: $14.1 billion (dividends of $2.1 billion+capital gains of $12 billion) 3. PetroChina (2003-2007)** Investment time: April 2003 Floating loss margin: 20% (stock price of HKD 1.1 vs cost of HKD 1.6) Final profit: $3.5 billion (cost 488 million, exit 4 billion) 4. Wells Fargo (1990-1999)** Investment time: 1990 Floating loss margin: 50% (stock price halved) Final profit: 2.7 billion US dollars (cost 290 million, exit 3 billion) Strategic core: Preferred stock clauses to hedge risks+reverse buying during crises+long-term holding