Ann: Investment Update and NTA April 2023, page-10

I like CDM and have held for a long time now. Saying that, the short positions seem to be causing them most of the issues so far this year. But I am not going anywhere yet, not making the classic fund management investing decision of selling the low of the fund to run to an expensive one.

I must admit though the not releasing their portfolios anymore is concerning to me as a holder. It is like a company stopping reporting a financial metric on when things start to not go well. I haven’t seen if they have given a reason for it. This is a yellow flag for me. It also means I am not adding to them for the time being as well.