It’s No Sin To Buy Something And Sell It Lower

Johnny HopkinsPodcastsLeave a Comment

In their recent episode of the VALUE: After Hours Podcast, Cassel, Taylor, and Carlisle discussed It’s No Sin To Buy Something And Sell It Lower. Here’s an excerpt from the episode:

Tobias: Yes, [laughs] It’s less relevant to me, because I already have as Jake likes to say, I have sealed myself into the capsule. I’ve removed all of my degrees of freedom for precisely this reason.

The only other thing I would say, when you’re trying to decide whether you add a new position or add to your existing holdings, I have found just through the testing that I have done that the best portfolios, of course, are going to be the ones that you form closest to the bottom. Sometimes, it’s not a bad idea, if you get something that you like. Maybe you should be thinking about the portfolio. It’s no sin to buy something and sell it lower because there’s going to be–

Assuming this is not like a March 2020 or late 2018 type market and this turns into the real thing, which is 2002 or 2009, where it proceeds down all the way. That’s going to happen. You’re going to buy stuff and you’re going to sell it low, because there’re going to be better opportunities in other stuff, and you just have to resign yourself to that fact, and get over it now, and know that you’re going to make a mistake on the way down. It’s unavoidable. Everybody’s going to be doing it. But the best thing you can do is the best portfolio at any given time. So, that’s what I’m trying to get in mine. I’ll rebalance in due course. I’ll be trying to get whatever I think is the best portfolio at that time will become the portfolio.

You can find out more about the VALUE: After Hours Podcast here – VALUE: After Hours Podcast. You can also listen to the podcast on your favorite podcast platforms here:

Apple Podcasts Logo Apple Podcasts

Breaker Logo Breaker

PodBean Logo PodBean

Overcast Logo Overcast


Pocket Casts Logo Pocket Casts

RadioPublic Logo RadioPublic

Anchor Logo Anchor

Spotify Logo Spotify

Stitcher Logo Stitcher

Google Podcasts Logo Google Podcasts

For all the latest news and podcasts, join our free newsletter here.

FREE Stock Screener

Don’t forget to check out our FREE Large Cap 1000 – Stock Screener, here at The Acquirer’s Multiple:


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.