No. of Recommendations: 0

I couldn't agree more, but JJC was simply using that as a metaphor that *most watchers of his show* would understand simply and easier than your thoughtful and well-written post.

He's communicating in a fashion that you don't need, but is most likely to get across what he wants the general public to understand. [i.e. - reduce risk]

Secondly, if you have big gains in NFLX [like you do] it is likely now an outsized position in your portfolio, or it certainly is for those viewers at home who only buy like 4-5 stocks. You do need to rebalance if you put $10k in 5 stocks, and now they are worth 9, 10, 11, 12 and 100.

4) having the intestinal fortitude

FWIW, I don't think this has a single thing to do with whether or not you should reduce, or add, to a position in NFLX. You're letting anchor bias [and emotions] affect your investment process.

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