The following is an excerpt from Eagle Point Capital’s Spring 2024 letter to clients. Every six months, EPC writes to clients to explain what we own and why we own it. The portfolio-specific portion of each letter is for clients only. Please contact us
Love the chart from Morgan Housel. Sometimes you just need to look at those charts over an extended period of time. I've made the mistake of selling too quickly and you never forget it when the stock you sold ends up continuing to run upwards.
I've certainly been guilty of that more times than I'd like to admit. Selling is especially hard when your portfolio is full of really high quality companies with durable competitive advantages.
Love the chart from Morgan Housel. Sometimes you just need to look at those charts over an extended period of time. I've made the mistake of selling too quickly and you never forget it when the stock you sold ends up continuing to run upwards.
I've certainly been guilty of that more times than I'd like to admit. Selling is especially hard when your portfolio is full of really high quality companies with durable competitive advantages.