Simple. Collect money in the Stick market
What's the reason for buying disappearing? sell. 🍒 Sell when: Thesis is broken Core: The long-term economics have deteriorated, the "moat" been removed, and the original purchase data has changed. This is "admit the mistake" of selling, and most decisive. Example: $Para (sold at a loss) The entire position was cleared in 2024, admitting "lost quite a bit of money". The reasons are very specific: · cable TV revenue continues to decline · The streaming business suffered heavy losses, and the industry was in a price war · The dividend was cut "not good news" Sell half: Valuation too high or position too large Core: The company is good, but is too expensive relative to its market value (other current offerings have better value, or a single stock accounts for too high a proportion of the portfolio, creates risk of more $’Decline, leaking. Example: Apple (sold about 50%) The Apple cut in half in Q2 2024 core reasons: · Valuation concerns: Apple...