Learn how to take losses quickly and cleanly. Don’t expect to be right all the time. If you have made a mistake, cut your losses as quickly as possible.
March 08, 2013
As we walked back from lunch and stood outside the office building talking, I realized I had but a moment to say it. It was November 2012 and one of our research clients was about to return to his office. “Joe,” I began. “One last thing, I think you should sell Apple.” “WHAT!” he responded?
The stock...