In hindsight, one can always either pat oneself on the back or go stand in the corner in shame. However, decisions are always made at that specific moment based on the information available at the time. Personally, I sold almost half of my Nokia position between 6 and 10 euros. I still believe the decision was sensible from a risk management perspective, even though the price would be clearly better now. I feel I identified the company’s price drivers correctly; what I got wrong was the astonishingly rapid rise of the share price and how far it would go.
8 Likes