Mebisode – Journey to 100X | #332
The Meb Faber Show - Better Investing
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How to Craft a Plan for the Right Tail
You must have a plan for the right tail, too. What happens when things work? Your one holding is worth more than twice the rest of the portfoya combined. Should you trim sell some? Do you take all your chips off the table? Or if the prospects are positive, do you continue to hold all the shares and let it ride? That one million dollar position could be ten million dollars. Look, there's no right answer. There's only the right answer for you. So think through the stuff ahead of time so you don't let emotional decision make and creep in - that's where the fractures occur.
Play episode from 50:45
Transcript
