The ability to eliminate losing positions quickly and decisively improves portfolio returns substantially, because holding onto mistakes compounds their damage, whereas fast recognition and exit reduces the drag on the overall portfolio.
causalpending
Speaker
Joseph ShapiroEvidence Quote
“we were uh quick to eliminate losers. So if we thought we made a mistake, we were we we weren't ashamed to to make a change.”
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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