In hindsight, yes they sold too esrly. However, in order to increase the profits reserve, I'm imagine they had to cash out of a number of profitabel positions. Unfortunatley WIlsons are now more concerned about maintaining the dividend and the profits reserve than they are about capital preservation. They are effectively being forced to sell their own positions.
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- Ann: August 2022 Investment Update
Ann: August 2022 Investment Update, page-8
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11 | 90826 | 1.500 |
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