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Harris “Kuppy” Kupperman - Oil is the World’s Central Banker Now | #450

The Meb Faber Show - Better Investing

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Is There a Stop Loss or Is It Just a Thesis?

You say you don't do as much shorting anymore, but even on some of the long ideas. Is there sort of like a stop loss or is it simply has the story change, has the thesis change? Well, it all comes down to the thesis. I'm here to compound my money very rapidly and recycle my capital when it's not working for me. And so if it's cheap, but there's no tailwind, I'm out. The exercise is much more important just to get the thesis right.

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