George Carlin (RIP) has/had a great bit about ‘stuff’:

The average investor treats their stock portfolio like they do their ‘stuff’. We are good at collecting it/them, but not good at getting rid of them. We all have had stocks we are embrassed to have owned, forgot why we bought and held well beyond caring. The best investors just do this less. I would use my standard golf analogy about managing the bad shots, but Tiger Woods has destroyed the theory. He can hit awful shots and recover on the next one. You won’t do that though in the investing world.

Stocks are easy to buy…just today I bought four of them. Selling them…not so easy.

Don’t buy a stock because I did, even if ‘Sosa says so ‘ , unless you know what you will do if it drops 20 percent.

It’s important that you are optimistic, but you must ask yourself ‘What If’?.

In this market environment your ‘What If’s’ are coming fast and furious.