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Do you employ a buy and hold approach?.


We invest in a stock when the company meets our investment criteria and we consider valuation to be attractive. If either of these two factors change we will sell the stock. We don’t refer to “buy and hold” because many investors take this to mean that once you have bought a stock you will never sell. Fund managers who use the “buy and hold” label don’t actually do this and will sell a position if they believe it is too expensive or if they think the business model is broken.






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