Buy, hold, sell
I’ve definitely been guilty of holding too long “hoping for a bounce,” so the reminder to trim or exit when the story changes really hits home. Curious: How do you balance selling on valuation alone versus sticking with a long-term compounder?
I try to avoid selling on valuation the higher the quality of the company is, like a long term compounder. It's easier said than done of course.
I’ve definitely been guilty of holding too long “hoping for a bounce,” so the reminder to trim or exit when the story changes really hits home. Curious: How do you balance selling on valuation alone versus sticking with a long-term compounder?
I try to avoid selling on valuation the higher the quality of the company is, like a long term compounder. It's easier said than done of course.