From this article (http://biz.thestar.com.my/news/story.asp?file=/2008/2/28/business/20453680&sec=business), from the perspective of long term investors, we can agree with the terms quoted by Phillip Fisher "If the job has been correctly done when a common stock is purchased, the time to sell it is almost never".
Long investors buy an investment object when it is way below its intrinsic value. And if it is a good investment, they will never need to sell it.
Let's bring it to layman's term: If you own a company that guarantees you 50% of annual profit for each dollar that you have spent for it and it will remain that way for the next 50 years, you will never need to sell your company off, right?
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