Compelling opportunity, page-4211

Morning all,

This is an excellent article by Howard Marks. I post it here because GLN is currently the biggest winner in my portfolio by some distance and one of the hardest things to do is hold on through the troughs and waves, when you believe in a business case / management approach. ‘Profit taking’ is a safe way to operate but it can also mean missing out on even more significant returns if the opportunity delivers near to its full potential. So this article resonates with me, and I figure others here may enjoy it too.

https://www.oaktreecapital.com/insights/memo/selling-out

Cheers,
mondy