Jason Hall

But that has to be pretty large for me.

My experience is that selling just on price usually doesn't work out in my favor.

It doesn't sound like that's what this listener did, but now they're measuring themselves on the price and not what the business is doing.

Looking at the business performance six months later versus the stock performance is probably a better way to measure whether your analysis was right on.

This brings me to my second thought.

When it comes to selling, Matt, you talked a little bit about this.

If you've reached a financial goal and you don't need a stock, you need money, okay, that's easy.

But if you're planning on selling a stock and then reinvesting it, you got to get two decisions right.

Number one, you have to be right in your analysis that this is a business I should sell.

Then you have to be right in your analysis that this proceeds that I'm reinvesting, that this is a business that I should be buying.

For me, that's one of the reasons I'm glacial in selling.

Unless there's a clear reason that it's time to sell, sometimes I don't want to rush myself.

It's really hard to get one decision right as an investor in stocks.

Getting two decisions right, even harder.

Yeah, I agree on the adding new money.

One other perspective, and sometimes just a little shift in our perspective that's useful in analysis, and this might be something Patricio and other people listening can add to their process if they're not, is I constantly ask myself, what am I missing?

And in a case like this, what did I miss?

What did I get wrong?

Not what am I right about?

You can always find why you're right.