Selling your winners and holding your losers is like cutting the flowers and watering the weeds - Peter Lynch
Peter Lynch was not a quant or a trend-follower, so it may seem odd that he is talking about trend-following fundamentals, yet the premise of Lynch's argument is clear even for fundamental investors. Hold your good companies and get rid of the bad ones. This does not always have to be based on price. It may just be related to the underlying firm characteristics. However, the thought is always the same. Rid yourself quickly of those weeds and tend to your flowers.
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