How to Manage Risk Management

Is there a cutoff point where you're like, okay, this is we have to cut it now? Well, I think there are generally three categories that a sell position would fall into. The other event would be our thesis is wrong. What we thought was going to happen didn't happen. Or sometimes they're exogenous factors that get in the way of the CEO dying of cancer. These things happen. And sometimes a company, a smaller company might not be able to recover. Sometimes we're just wrong in our thesis and that's it. Even in the third category would be where something does pretty well, but we see that there's a competitor or another investment that we prefer to have