Should I trim this big stock market winner?
“It’s like déjà vu all over again…” Yogi Berra
What should you think about when a stock rises so much, and so quickly, that you become worried about its valuation and your level of exposure? Join me on another painful journey into my investing past and hopefully a better decision this time around.
A well timed punt
Texas Pacific Land (NYS: TPL) is a land, oil and gas royalties, and water business that owns around 900,000 acres of land in West Texas. I first bought TPL in 2020 using a method that you shouldn’t copy: I cloned the holding of an investor that I respect highly. It has been quite the journey since.
My purchase in April 2020 was well-timed. As it turned out, oil prices didn’t stay at zero forever. By mid-2021 my TPL…
