Upcoming valuation, page-3

As you know BtB, a good investor will never use hindsight to consider what could have been, they use it to discover what they did right and what they overlooked, and pray they learn from the experience.

Many (including me to some extent) confused ourselves treating UNS as a long term buy/hold security, and have suffered for it, but are still there. Others will have been more active traders of the stock and must wonder to themselves how easy it has been to buy the rumour sell the fact and make a small fortune.

My lesson from UNS has been to distrust the words of a CEO (and management) that treats SH as a perpetual source of capital to fund his personal ambition. The next stock that promises and consistently fails to deliver will be the next stock I will no longer hold.