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I do not think you should be consistent when it is against your interest. If you made a mistake, and realize it was a mistake, why persist in error in the name of consistency? As the famous investor, Ralph Waldo Emerson said, "A foolish consistency is the hobgoblin of little minds." foolish in his statement was not capitalized. -- JeanDavid


I would usually agree with you 100% on this point. But, if I remember correctly, these portfolios (RB, RM, Fool4, etc.) were put together to test certain stock picking strategies. Additionally, the idea was to hold companies for the long-run, through good cycles and bad cycles, to avoid excessive trading and hot stock chasing. To that end, I say hold it, and lets see what happens. In a way it's almost an academic desire for consistency that makes me think they should keep GPS as an honest test of the RM strategy.

I personlly think that Gap is not that great a company and wonder why it's in the protfolio at all. But that's another issue, which I think TMF don't really want to dig into. It might expose some flaws in their stock picking strategies or cause them to refine what LTBH means and what sell criterea are.

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