One lesson learned after enduring a few too many round trips is to take more of an internal rate of return (IRR) focus on when to sell what is the return potential from today, not “I'm holding this until it reaches my target price of $X.” We'll still ride things up and down, but it's [...]

Some of my biggest drubbings have come from not responding quickly to inconsistencies in what management is saying over time or in different forums. Changing stories are a huge red flag.