Kill Your Darlings— When To Get Rid Of Old Favourites

“Kill your darlings” is a common piece of advice to writers to chop pet phrases or characters for the sake of the overall story. It’s also good advice for investors who sometimes lose the plot by clinging to old favourites. Darlings are those types of investments we remain attached to long after their usefulness is gone. Here are some common infatuations: Dividend Darlings Who doesn’t love to make money while they sleep? Investing in companies with generous...