The investments disclosed here are our long term positions but do not make up our entire portfolio of marketable securities.
We intend to hold onto our shares in these enterprises for life, unless anything very unusual occurs that will effect this decision such as negative alterations to management decisions or severe, unrecoverable downturns in the markets they operate in.
Following our general strategy of seeking out undervalued companies, we believe these positions have been purchased at sensible prices based on the long term prospects and value of the companies.
We never participate in the risky business of attempting to buy securities for anticipated favorable short term stock price movements. In fact, if the operations continue to satisfy, we welcome a decline in market prices allowing us to purchase more at a better price.