Selling Big Winners (with Josh, Michael and Blair)
b"There you are, sitting on a massive gain in a big winning stock. And now it's become a large portion of your portfolio and your net worth increasingly depends upon that stock staying up. Now what?\\nDiversification will rarely look as attractive in hindsight versus the huge gains that are possible from a big winning stock. And regret minimization is one of the most important strategies in finance given how our behavior affects our long term returns.\\xa0\\nIn this episode of Live from the Compound, Certified Financial Planner Blair duQuesnay joins Michael Batnick and Josh Brown to discuss regret minimization techniques and how to rationalize selling a big winner.\\xa0\\nYou can talk to Blair duQuesnay about your own portfolio and financial plan here:\\nhttps://ritholtzwealth.com/team/blair-duquesnay/\\n Hosted on Acast. See acast.com/privacy for more information.\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"