Long Term Investing Lessons

Recently i read a pdf version of a book on long term investing in Stock Market. Although i lost / deleted / saved the pdf somewhere i can't recall now. But i noted the lessons learnt from it. So here are the key takeways from the book on Long Term investing in Stocks:

- Timing is not important, time is important. Start young, start early. Do not try to time the market to buy a stock. Better buy only when market is down for 3 consecutive days.

- Market is always cheap. Buy when you have money. 

- Buy great idea again and again instead of buying variety of stocks

- Look for business which evolve over time and technology. Look for businesses that continue to pay high dividends with changing times and technology.

- Look for business with increasing earning growth

- Buy great idea and not cheap idea

- Buy visible business.

- Buy cyclic business which is ever growing with technology and science.

- Buy during blood bath if you know you are holding a great idea. Dont be afraid of recession, it lasts only for few (1 or 2) years. great businesses run for lifetime.

- Never sell a great business.

- Buy when YOY quarterly results are out.

- Enjoy the benefits of compounding over time.

- Read Director's report in annual report.