In their latest Investment Insights article titled – Rational Numbers, Lindsell Train discuss why perpetual growth stocks don’t actually exist in real life. Here’s an excerpt from the letter: The St. Petersburg Paradox as laid out by Bernoulli in the eighteenth century, debates the appropriate wager for a coin toss … Read More
Lindsell Train: The Investor’s Dilemma – How Long To Hang On To Winners
In their latest Q2 2020 market commentary Lindsell Train, the company co-founded by Nick Train and Michael Lindsell, provided some great insights into the age old dilemma that faces investors – how long to hang on to winning stocks. Here’s an excerpt from the commentary: To summarise then, here’s a … Read More