Is It Time To Let Go?

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TIME: Eleanor, when people tell you they're buy-and-hold investors, you have said you question them to see if they have the constitution for it. That will surprise those who consider buy and hold a conservative strategy.

BLAYNEY: Many people buy and hold because they're afraid of making a decision, so it becomes a form of inertia or paralysis. And that has its own risks, some of which we've talked about here. Being a buy-and-holder demands that you actively look at and buy a stock's story each and every day. That's the kind of exploration we go through with our clients.

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