If you cant have patience and think long-term no point investing in shares.

Also buy the value and proposition of a company rather than price.

Cheap is very expensive, in Kenya i would just stick to Financials, Safcon, Centum and KPLC/KenGen and hold for 20 yrs..

Only time will tell whether ARM will die, but it is certainly very sick

There have been many, biggest one is when I bought RIO TINTO (Ticker:RIO on NYSE) I bought these for $88.50 on margin trading just before 2007-2008 meltdown. They dropped all the way to $45 I had to cover my positions at $ 70 odd. Lesson learnt and will not buy on margin. I had a similar one shorting KFT after Buffett said the Cadbury deal was a bad one. Prices fell and I should have covered the shorts but I got greedy and prices went above my shorting price 🤦🏽‍♂️ Lesson learnt, I don’t short or atleast don’t do it on the opinion of someone else even if it is the Oracle himself.

Locally, buy KPLC back in the day when they were Kes 250 because of NAV. I hadn’t factored in the Pref shares which were not quite apparent. You had to do some digging to get that info. But lesson learnt and I have learnt that NAV should be used with a pinch of salt.

Early on in my stock market career I bought Uchumi on the sentiments of someone despite the fact that it wasn’t doing well. It eventually was suspended for a few years before I could exit. Lesson learnt, Moat in a business is very important.

Sold KK prematurely. Was buying these shares at 38-43/- and after split was announced, sold at 102/- or thereabouts learnt that long term strategy is the way to go.

Currently I only hold a handful of companies and watch em like a hawk.