Most investors erroneously believe that trimming winning positions back to target weights is prudent risk management; in reality, allowing winners to run and grow as a percentage of the portfolio is key to long-term wealth accumulation.
normativepending
Speaker
Bogum BaronowskiEvidence Quote
“position once it runs up you have to trim it back...letting the winners run...a lot of money left on the table [7:48]”
Source
The Compounders Hiding in Plain Sight | Joseph Shaposhnik on Finding Decade-Long Winners— Excess ReturnsCreated: 8/11/2026, 7:25:53 AM
My Notes
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