These reviews assume a " buy and hold " approach to investing. I use this assumption for these reviews simply because it is the easiest way to evaluate performance. In reality, I advocate and employ a disciplined investment approach that requires me to sell my losing stocks quickly and completely and sell my gaining stocks slowly and partially.
I found a good comment about Dan Sullivan , the founder of The Chartist , a well-regarded investment letter, who advocates an investment philosophy that isn't far from my own:
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