Really amazing how the flexibility allowed the portfolio to beat benchmarks despite making a high conviction call that went the wrong way. So much to learn from it!
What is your holding period for SPHR? The fundamental thesis (aging boomer spending) is multi-year, but it's had a hell of a run. Interested to hear how you think of holding time frames in general. I'm trying to get more personal clarity/discipline on mine, not letting trades turn into investments, but also not taking good profits in the short-term at the expense of great profits longer-term.
Lovely stuff, well done David
🙏
Really amazing how the flexibility allowed the portfolio to beat benchmarks despite making a high conviction call that went the wrong way. So much to learn from it!
I’m not in this business to lie to myself.
Price > everything else.
What is your holding period for SPHR? The fundamental thesis (aging boomer spending) is multi-year, but it's had a hell of a run. Interested to hear how you think of holding time frames in general. I'm trying to get more personal clarity/discipline on mine, not letting trades turn into investments, but also not taking good profits in the short-term at the expense of great profits longer-term.
Will be evaluating every position.