We have to see if they are trully following their own principles cited in the book. They are suggesting to become permanent owners, but how many companies they have sold recently? Some of their companies not doing that well, still they are sticking with them, for the sake of sticking? Business environment changes fast, new businesses emerge, new sectors emerge, new opportunities emerge, so does it make sense to be so rigid to select 20 companies and stay invested with them for next 40 years, just for the sake of Consistency and permanent ownership? Are we here to make money or get some award for loyalty? Even most promoters don’t do that?
Also we need to be mindful that most of their money is earned in 2008 crisis and 2020 covid crisis. They handle endowment funds of big institutes. But can we retail wait for such once in decadel opportunities like covid and GFC? How many such opportunities come in our life for funds deployment? So what will we do during other years? Sit on cash? Can we practically emulate their strategy? I doubt , even they follow their own strategy? Writing a book about morality and principles is one thing, practically following it, is another thing altogether.
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