Terry Smith: “The problem is most people don’t read the accounts”
Investors' Chronicle
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The Involuntary Approach to Capital Management
Bitni's fund has very low turnover, but you have tended to sell it at least one or two companies every year. Is there a common thread between your decisions? Wethe, self discipline is really pretty straightforward. Sometimes ourselvs is involuntary. Something gets taken over ad we don't have any sayin it. Tan bet better, something better orother. We buy some evening's reall good visitors, and not to be very good business.
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