What we do when another of our holding plummets on release of earnings

It would be nice to write about a different topic! Once again, we avoid the instinctive “Type 1 – fight or flight”1   response and we choose not to panic. American Public Education, Inc. released its results and conference call transcript prior to market open. We reviewed [...]

By | 2017-05-25T12:44:37+10:00 November 2016|Portfolio Activity|0 Comments

What we do when one of our largest holdings falls 13.5% upon releasing earnings

Don’t panic! It is understandable to be disappointed, but irrational to act without any analysis. On many occasions, like a few days ago, we fail to make sense of market behaviour. However we do not blindly suggest the market is wrong. Mostly, we accept the vagaries of [...]

By | 2017-05-25T12:46:15+10:00 November 2016|Portfolio Activity|0 Comments