What’s your thoughts on purchasing LICs when they’re trading at a premium to NTA. Some investors like to only buy when they’re trading at a discount.
Peter Thornhill: I don’t ever think about it. Since investing in Argo in 2000, we have made a further 24 additions. That’s more than 1 a year. Do you know how much time I spent looking at the discount/premium – nil. I have better things to do. Ditto with the other LICs we own.
Do I lose sleep that a few of the parcels were bought at a premium? By the way, what about the other purchases that were bought at a discount. Perfection is a dream with hindsight.
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