- Impact
- 9,598
Hello,
My aim is to make my portfolio (significantly) better each year, so I actually "enjoy" dropping about 1/4 of my names annually. I don't see these dropped names as a complete waste of money and time, because:
1. I hopefully learned something on the way. The names were potential sale items, but maybe not competitive enough or maybe not fairly priced?! Also, market trends changes and honestly, sometimes I buy ridiculous names.
2. I can make the portfolio better with replacing the drop with a better name, without making it larger and more costly to own.
Any thoughts on this? How do you reason?
My aim is to make my portfolio (significantly) better each year, so I actually "enjoy" dropping about 1/4 of my names annually. I don't see these dropped names as a complete waste of money and time, because:
1. I hopefully learned something on the way. The names were potential sale items, but maybe not competitive enough or maybe not fairly priced?! Also, market trends changes and honestly, sometimes I buy ridiculous names.
2. I can make the portfolio better with replacing the drop with a better name, without making it larger and more costly to own.
Any thoughts on this? How do you reason?