Investing for long term and exiting them should not be compared to these kind of strategies. This is not long term, we don’t focus on any individual positions here, we don’t call them companies, we don’t mention the word business here. Here, the exit is based on a criteria, a rule.
An exit criteria that works here may or may not work with long term investing, one simple reason being valuation. What we think of valuation w.r.t investing could be perceived differently by other participants, looks overvalued to us, we exist, others think of it fair valuation, price may not fall, it can even go up, or time correction happens, price stays there, and the next leg our upward journey begins, and we may regret our selling decision, happens to the best too.
Here the selling does not make us regret, as there is a possibility of adding the next big one to the group always exists.
While there will be some overlapping of concepts and actionable ideas between long term and shorter term, there are some which are exclusive.
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