What Does AA Know?, page-5

Absolutely. I have been tempted to follow AA as well, but it is tempered by my reluctance to sink more capital than I want to in a perennial underperformer.

Hope you are holding up alright too. I have been doing alright recently, but 2022 was a very difficult year, more so because I am not particularly nimble and like to sit on my investments. That proved costly in a number of instances, and then there are always the problem children (ADH anyone? ).

Overall, it is nice to see some sanity return to the market and a lot of the froth of the pandemic years coming off, though a lot of things still remain expensive or atleast not obviously attractively priced.

Good management, which is becoming as rare as hen's teeth unfortunately, certainly helps sleep well at night. I don't think HUM has covered itself in glory on this front either!