In reviewing our investment process, it can be helpful to look for where we get trapped, where we feel on our heels in scenarios we didn’t anticipate and feel forced into making a decision on selling. Sell discipline is one of the areas ripe for costly errors, so let’s dig into it today and see if we can’t find a few incremental steps to take to possibly circumvent more of these situations.
This is part of a series we are calling The Dark Side of the Moon: the elements of the investment process we don’t always like to spend time on but have a huge cost if we avoid them.
We’ll cover risk, selling disciplines, and red flagging, all along with our friends. I hope you find it a useful trip... See you on the other side.
