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When investors shop for mutual funds, they often consider the methods the managers use to select stocks. But there's another side to that coin that also merits attention: How do the managers decide which stocks to sell - and when to sell? 当投资者选购共同基金时，他们通常会考虑基金经理用来选择股票的方法。但还有另一个方面值得注意：基金经理如何决定卖出哪些股票──以及何时卖出？ A thoughtful, consistent approach to selling shares is just as important to a fund's success as the same qualities in purchasing stocks. After all, errant sell decisions are lost opportunities for returns. 对于基金的成功来说，以经过成熟思考而且前后一致的方法卖出股票和以经过成熟思考而且前后一致的方法买入股票同样重要。毕竟，错误的卖出决策就是丧失收益机会。 'If you can have some type of structure within your process to make sell decisions or consider sell decisions, that keeps you one up on your competition,' says David Rolfe, chief investment officer at Wedgewood Partners Inc. in St. Louis and lead portfolio manager of the RiverPark/Wedgewood fund. 圣路易斯（St. Louis）Wedgewood Partners Inc.的首席投资长、RiverPark/Wedgewood基金的首席投资组合经理戴维•罗尔夫（David Rolfe）说，"如果你在做出卖出决策或考虑卖出决策的过程中依循某种条理，那么这会让你在竞争中取胜。" | 
