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  "notes": "The slide uses a three-column structure to define sell triggers: market expectations, price momentum, and fundamental thesis.",
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      "text": "We reduce or eliminate a position when: Market expectations get too high, Price momentum weakens, or We are no longer comfortable with our fundamental thesis.",
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      "text": "We are no longer comfortable with our fundamental thesis: The addressable market is not as large as anticipated; The competitive advantage is not as strong as expected; Lower confidence in the company's ability to execute",
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      "text": "Price momentum weakens: We will reduce or eliminate a stock even if we still believe in our fundamental thesis to mitigate the impact of an underperforming stock",
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