Having Deep Pockets

In the posting: Investing In A Stock For Its Dividend Yields

• Kris said...
  Buy and hold looks nice on people like Warren Buffet who has deep pockets.

The deep pockets issue is so rather risky.

In my flawed opinion, having a deep pocket does not guarantee one success in the stock market. One can buy and buy and buy and buy and buy as much as they want because they have a deep pocket.

But what is one really doing in reality?

Well for me, in my flawed opinion, they are only buying and buying and buying and buying more of the same stuff.

It has no relationship to whether the decision to buy the stock is correct or not in the first place.

Same with holding the stocks just because one have deep pockets. What's one doing? Me? I only see one holding a stock just because they have money. That's all. Again, it does not even say if their reasoning to buy and to hold the stock is correct.

And I am sure you know that if a stock selection is really bad, holding on to it for as long as possible or buying more, usually does not correct the initial mistake to buy the stock!