01-19-2014, 09:23 PM
My practice is to vote the Board's recommendation when times are good, and vote against the rec.s when there are struggles. Example: prior to the '08 crash in bank stocks, I had a boatload of a regional bank. When they were riding the crash curve way, way down, the Board gave $1,000,000 to Auburn University of all things. From that point on to when I liquidated at a huge, painful loss, I voted " no" on the Board's rec.s. did it matter? Of course not cause I was not Warren Buffet or the Koch brothers or similar big dogs. But I slept better.