tag:blogger.com,1999:blog-8522220863321921021.post4863936433968942373..comments2023-10-25T16:55:47.069+01:00Comments on 10 Value 10: Book Review: Peter CundillYorkiemhttp://www.blogger.com/profile/02636254435369847915noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8522220863321921021.post-72063500227263440872012-07-14T14:12:03.788+01:002012-07-14T14:12:03.788+01:00Smart and good another post admin :)
Egypt MapSmart and good another post admin :)<br /><a href="http://www.ancient-egypt.info/2012/06/ancient-egypt-maps-more-4-maps.html" rel="nofollow"> Egypt Map </a>Ancient Egypthttp://www.ancient-egypt.info/noreply@blogger.comtag:blogger.com,1999:blog-8522220863321921021.post-72779787133971173432011-03-18T11:29:03.615+00:002011-03-18T11:29:03.615+00:00Hi Richard
I haven't got my copy to hand but...Hi Richard <br /><br />I haven't got my copy to hand but from memory, he got caught out by taking profits at the wrong time, and therefore came up with this objective rule. <br /><br />I think there is some logic there in sofaras if something doubles and you sell 50%, you've covered your base cost and everything else represents pure profit. <br /><br />I would perhaps tinker with the rule to add some perspective of time in via a look at the IRR. For instance, I have some holdings that have doubled in value but have taken 3-4 years to do so, generating IRRs of 25-35%, which I'm perfectly happy with. I'm aiming for an IRR of 15% across my whole portfolio (for the rest of my investing life!), so it probably does make sense to lock-in returns from time to time.Yorkiemnoreply@blogger.comtag:blogger.com,1999:blog-8522220863321921021.post-10849053841087414902011-03-18T09:43:28.992+00:002011-03-18T09:43:28.992+00:00Haven't read it yet, but do have a copy and in...Haven't read it yet, but do have a copy and intending to. Really don't like the sound of the sell half when anything doubles rule. Smacks of uncertainty. Either a company is worth having in your portfolio or not. Shouldn't depend on arbitrary price rules - why not buy when anything halves? (though I started out planning to sell when I'd made 50%).Richard Beddardhttp://blog.iii.co.uk/noreply@blogger.com