持有10年

个人理解：还有一种说法就是不打算拿10年的股票你为什么要拿10天呢？这句话不是说自己买的股票一定要拿10年，而是说如果自己觉得10年以后自己认为肯定不好的公司就不应该现在去买。经常看到有些人说，虽然知道过几年这公司会不行，但觉得短期股价还是有可能上行...，那是啥意思？

Source: http://nteswjq.blog.163.com/blog/static/12699812012101764123893/

Hold for 10 years

> By Duan Yongping · his NetEase blog (nteswjq.blog.163.com, now closed; read from web archives) · 2012-11-17 · [Original link](http://nteswjq.blog.163.com/blog/static/12699812012101764123893/) ([archived](https://web.archive.org/web/20130202222352/http://nteswjq.blog.163.com:80/blog/static/12699812012101764123893/))

> This post includes letters from others or quoted material; Duan Yongping's own words are marked separately.

[Translator's note: a quoted saying of Buffett stands here (via the iPhone app Attogear QuickQuotes); it is not Duan Yongping's words and is not translated.]

My personal understanding: there's also another way of putting it: if you don't plan to hold a stock for 10 years, why would you hold it for 10 days?

This line doesn't mean the stock you buy must be held for 10 years; it means that if you think a company will definitely be bad 10 years from now, you shouldn't buy it now.

I often see people say that although they know the company will go downhill in a few years, they think the share price may still rise in the short term... What does that mean?