I watched that interview of Mr Millner. He strikes me as a bit of a smug old dinasaur, but he holds to some principles (ala Buffett) that have worked well for him, namely
avoid debt,
have the capacity and preparedness to buy when things are cheap,
be prepared to sell when things are fully priced, and
diversify.
Ann: Analyst Presentation HY Jan 2020, page-50
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