As we were setting the agenda for this years annual meet, we looked back on the topics discussed in previous meets. Even though we covered breadth of topics across various investment styles/philosophy, we realized that there was hardly any discussion around selling. All our topics/conversations revolved around stock ideas, buying strategies, investment framework for buying right and allocating capital. We seldom discussed anything related to selling. Even within group, lot of us, though adopted different styles, we had not tried to put structure around our selling decision.
As @bheeshma mentioned in his post, Mr.Vinay Parikh mentioned that it is important to have framework and process around investment decisions. Hence, we decided to devote some time during the conference to discuss this. I am attaching my presentation here on my framework for selling decision. However, the idea during the session was to use this presentation as pointer and then discuss the topic to understand that within group how folks think about selling and whether we can build some framework around this. Here is the link to my presentation
Selling Decision.pdf (195.1 KB)
We were fortunate to have discussed this topic in front of senior practitioners like Vinay Parikh and Kenneth Andrade. We tried to understand from them too as to how they think about selling. What was striking was, they kept this whole thing very simple. Both of them felt that they try to buy right and hence selling decision becomes easier.