Love the Marie Kondo approach to portfolio management. The Rivian example is spot-on since most investors hold onto losers way too long becuase of emotional attachment rather than sound tax strategy. The "would I buy this today" test cuts through all the mental gymnastics we do to justify keeping dead weight in the portfoilo.
Love the Marie Kondo approach to portfolio management. The Rivian example is spot-on since most investors hold onto losers way too long becuase of emotional attachment rather than sound tax strategy. The "would I buy this today" test cuts through all the mental gymnastics we do to justify keeping dead weight in the portfoilo.
Thanks for stopping by and leaving a note. Glad you enjoyed the references!