Updated: Jun 8
I get a lot of questions on "how do you know when to trim?". It is not necessarily knowing when to trim, it is about understanding when valuations are so stretched in the short-term and breaking from your bias of the business and potential long-term results. Just because I shave now, does not mean I wont buy back later. That is the essence of it actually, I plan on buying those shares back at a lower price sometime in the future to continue my CAGR. I believe the probabilities of the price heading lower, is higher than the odds of the price moving higher.