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 Shapiro

Evidence 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 WinnersExcess Returns
Created: 8/11/2026, 7:25:53 AM

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