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Re: How did you do today during the correction?
AlexG,
Margin of Safety as the only backup works great for Value Investors, but for Rule1 Investors, we sell as soon as the arrows says so. Unfortunately, since the market moved so fast yesterday and since we check only once a day, by the time we see the red arrows, the portfolio is already in the red. That is why Phil recommends stop losses as a backup.
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