It’s worth knowing though that Train had been warning about the trust being on a precarious footing for many years before that. In fact he saidmuch the samewhen the trust was on a 21% premium to assets in 2012. The share price more than tripled over the next five years! So perhaps ...
“Volatility is a symptom that people have no idea of the underlying value–that they have stopped playing the asset game. They’re not buying because it’s a company with certain attributes. They’re buying because the price is rising. People are playing games not related to any concept at...
If I can keep up this performance, our total assets will double every five and a half years. Out of my 52 holdings, almost 90% of them are in positive territory. Peter Lynch says all you need is 60% make money. In 2012 I had: Two triple baggers: Netflix (NFLX) (as I write ...
We know what the greatest long-term investor of all time has been doing because the U.S. Securities and Exchange Commission requires all investment managers with more than $100 million in assets to file a Form 13F quarterly to disclose any changes in share ownership. These filings add...