This comment made me think of the tax advantage of buy-and-hold versus lots of small bets. Buffett also talks about this in his Berkshire shareholder letters.[0

This comment made me think of the tax advantage of buy-and-hold versus lots of small bets. Buffett also talks about this in his Berkshire shareholder letters.[0] [0]: Link to my (non-monetized and WIP) blog where I keep a collection of excerpts: https://sileret.com/projects/warren-buffet-shareholder-letters/1993ltr/#advantages-of-buy-and-hold-investing-for-tax-paying-investors https://sileret.com/projects/warren-buffet-shareholder-lette...