We don't have any stop losses or technical trading risk mitigators. We believe that the key is to get the investment thesis and the long-term prospects of the company right. If we can own a portfolio of companies that are doing better than the market, better than the economy, and can grow their earnings faster over the long term, and if we pay reasonable prices for their stocks, then we think we'll be protected in terms of market risks and have the potential to produce attractive returns. |