Do you believe that in order to survive as a long-term investor, you will first have to survive short-term, which could possibly mean having to liquidate your portfolio when market crashes?

As a long term investor, the only time you should consider liquidating your assets is when the company you invested in isnt the company like before. When the market crashes, it would not be a wise choice to sell your assets unless you're doing contra. There is always an opportunity in every crisis.

Hi there!

Liquidating our portfolio when market crashes is suicidal. Leaving it alone will only be paper loss, and provided you have invested in sound companies, the share prices will recover eventually and go higher.

I think what you mean is tolerating “the fluctuations in prices in the short-term”, also more simply known as volatility.

Price is what you pay, value is what you get. If you buy a company that you know is worth $10/share, and someone comes to you with an offer of $5/share, would you sell just because everyone else is selling?

I know I would buy more if I had cash.

Hope I’ve given you a different perspective!