Great thread. Personally I find it easier to decide when and what to buy than when and what to sell.
My sell decisions have nothing to do with my buy price. I have 3 triggers to sell:
- Loss of confidence in the business or the management.
- Massive overvaluation, thus reducing the prospects of returns even with blue skies scenario.
- Requirement of capital to invest in a much better opportunity.
Conceptually these may be sound, but getting it right is still not easy at all. I suppose it’s inevitable that in a long investment journey, there will always be some that were dumped too soon and some that were held too long.
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