I read a really interesting piece on oil prices, it was contained within a fund report, but I recommend people…
I bought shares in IBM (NYSE:IBM) over a year ago, not long after Warren Buffett announced he had made a large investment in the shares himself. This is one of the few investments that I have been displeased with throughout, not because the share price hasn’t performed, but because the business itself has performed far below my expectations.
It wasn’t until recently, when I took a look at Oracle’s (NASDAQ:ORCL) performance, that I realised that my thesis on IBM was wrong and the investment wasn’t as undervalued as I thought originally. It is hard to admit you’re wrong, especially when IBM’s share price has been much higher recently than it is now, but it’s the right thing to do as an investor.