Sell NKE by Dec 31, 2026.

Nike has been the source of a lot of questions over the last several months. This is a classic case of not realizing the fundamental investment thesis has changed when owning a company with no barriers to entry or strong brand identification. Some of the best advice I ever got was from a retired Lehman trader. When I was young, I’d chase price. It’s the natural tendency of most new traders. After he did some coaching with me, I understood …