Our Philosophy
 

 

Strategy | Investment Alternatives | Selling Discipline


  Selling Discipline
We believe that disciplined selling is critical. Therefore, we sell investments only when either of the following conditions are met:
•  the company’s fundamentals have deteriorated, or are expected to deteriorate, significantly; and

the sale and subsequent reinvestment of sale proceeds, after taxes, are estimated to result in a substantially greater future value. In this case, the risk relating to the new investment must be lower than, or comparable to, the initial investment.

 

 

 
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