One additional point is valuation matter especially when there is stratospheric rise in Stock prices. You have to do some kind of common sense assessment of if the numbers make sense. When Reverse DCF implies a 10 year growth which is much higher than historical growth or PE ratios are touching triple digits it is time to do a sense check if it makes sense to hold on. Business can continue to be good but high valuations will look for excuses like change in government regulations etc. To sharply correct.
Disc: Personally bought in 2020 and then sold (maybe too early) at 2-3X when valuation made me uncomfortable.
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