Corey, thank you for the great question. I use the Zombie death clock to help me decide whether to exit a holding. I never short stocks or take on margin positions, as those things may force me to exit a position I really didn't want to sell. Often, companies with a lot of hype, like RIVN, see a buying rush. They may do a secondary offering to raise cash, but their burn rate makes it such that they are not likely to ever produce a good return on your capital. The only options that I use are covered calls, and I usually only use them when I am already in the money on a stock that I am ambivalent about selling. I would say my risk tolerance is moderate, but I invest only funds I don't need in the short term. That said, anyone who says they never had a losing trade is lying to you, but over time, I see the US stock market as a reliable way to build your wealth. Warren Buffett's philosophy on investing centers on two rules: Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1. So I really try not to forget Rule No. 1. The best way to keep a handle on those rules is to follow the cash. Cash doesn't lie, but management might. 💥

💹 Investment Valuation: Tools and Techniques for Determining the Value of Any Asset (Wiley Finance) 4th Edition by Professor Aswath Damodaran. Investment Valuation: Tools and Techniques for Determining the Value of Any Asset delves into valuation techniques for a variety of different asset classes, including real options, start-up firms, unconventional assets, distressed companies, and private equity and real estate. Be careful when following valuation advice from most brokerage firms. When you read these reports, do you understand and agree with the author's hypothesis?