My coaching client was practicing his presentation. As he talked about the company process for managing a stock portfolio, he explained their stock picking discipline. Regardless of the portfolio manager’s expertise, it’s required to drop a stock when it dips below a certain level. In other words, they may carry big winners, small winners or small losers, but they don’t tolerate stocks that are big losers. This number or percentage is how they factor out emotions and manage risk.
After explaining the stock picking discipline, he looked up and asked me, “What are my presentation disciplines?