Joe,

And recently, I have come to the conclusion that if I'm not comfortable allocating a larger percentage of Tier 1's capital to a position, then it's probably not worth allocating any money to that position. That's because there are now seven Tier 1 businesses (and more on the way) that I'm perfectly comfortable allocating 5+% to, and those are the businesses that I should be spending most of my time on because that's where Tier 1's outperformance will be earned, and those are the stocks that will allow me to help members like you achieve your financial goals.

Exactly! That was my point. Tier 1 businesses are supposed to be best of breed. So why bother.

And because of that, I will likely be closing the RSH short in the next few weeks or months -- hopefully at a profit. If that is not possible, then I will accept Tier 1's first losing position, apologize for the mistake, and apply the lessons learned to improve my process in the future.

Come on, no need for an apology. You do an amazing job so good luck with everything.

If you notice I suggested to add DDD to the watch list, not the portfolio yet. I'm sensing a bubble in price. What price would be willing to start a position?

Regards,

Tony