What Long-Term Investors Can Learn from a Stock-Picking Game

As the year wraps up, many investors are likely reviewing their portfolio's 2019 performance. In that spirit, we share an article by The Wall Street Journal's Spencer Jakab: “For Investing Success, Buy Ugly Shoes, Sell Fake Meat.”[i] The article is a tremendously fun recap of the WSJ's stock-picking contest—an enjoyable read, in our view, all the way around. But beyond entertainment value, we think this article has some salient and timeless lessons for investors. Not about stock picking, but rather, how to view your portfolio.