Acerca de las ventas que ha hecho (BA, VTR).
“I feel like I’m developing a whole new category of stocks, “Stocks that Piss Me Off.” It’s a reason to sell. In the past 3 months, I’ve sold two stocks that fell into that category: BA and VTR. I felt better as soon as I let each one go.
In fact, it’s given me an idea for an article, something like “Kondo-izing Your Portfolio.” I’ve never read anything by Marie Kondo, but I’ve read about her, and her idea for getting rid of stuff that doesn’t spark joy for you (even if it once did). Throw it out.
So I’ve Kondo-ized my portfolio a little by tossing BA and VTR.
When my former company was taken over by a much larger company, we all learned a lot about corporate cultures. In fact, studying the subject became an avocation of mine for a couple of years. The more I read about BA, the more I realized what a deep-seated cultural problem they have. It led inevitably to the 737 MAX problems, and I’ll bet there are other problems lurking in various products and projects. Scary thought.
It can take years to change a company culture. Once I came to those realizations, it was easy to let BA go. In fact, it became imperative. I wish them luck, but that’s the kind of anti-SWAN stock I don’t want to own.
Dave”