“If you’re ever in doubt, or if your brain is saying, ‘What if I just keep holding this stock for a few more days?,’ if you want to be a genius, sell half of your position,” said David Wright, co-founder of Sierra Investment Management. “You’re a genius if the market recovers, because you haven’t sold it all, and if it continues down, you’re a genius because you protected half of your holding from going down that far.”
The thoughts and opinions expressed in the segment are solely those of the person speaking as of 6/16/2022, and not necessarily those of Sierra and are provided for informational purposes only. Any opinion or estimate contained in this video is made on a general basis and is not to be relied upon by the listener as advice. The listener must make his/her own assessment of the relevance, accuracy, and adequacy of the information contained in this segment, and make such independent investigations as he/she may consider necessary or appropriate for the purpose of such assessment.