NSC 1.15% 44.0¢ naos small cap opportunities company limited

The last two years have been quite difficult I have found. I...

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    The last two years have been quite difficult I have
    found. I have actually started to look at some
    unlisted funds and will likely be putting some
    money to work in the next week or so.

    Broadly though I’m a believer in managers having
    a hot streak and then going off the boil for a while.
    I tend to trade in and out of positions as they
    outperform and then revert to the mean for a
    period. While I have got a few wrong over the
    years, in the main I have done better than just
    buying and blindly holding. It’s the main reason
    I have preferred LICs, as it’s easier to trade on
    the exchange than unlisted.
    That been said I went against my better judgement
    and took a small position in WMI and WAX last
    week.
 
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