Investors should not allow low-conviction, small portfolio positions (1% or less) to consume excessive attention and mental energy; if a position takes half your attention but only 1% of your portfolio, the asymmetry indicates misalignment and the position should be sold regardless of merit.
normativepending
Speaker
Joseph ShapiroEvidence Quote
“If you have a position that takes up 1% of your portfolio, but half of your attention, sell it.”
Source
The Compounders Hiding in Plain Sight | Joseph Shaposhnik on Finding Decade-Long Winners— Excess ReturnsCreated: 8/11/2026, 7:25:53 AM
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