I can’t answer whether you are crazy, but I wouldn’t worry about what everyone else is doing. I would love to own WMI, but for me it’s always been too expensive. The hardest thing I have personally grappled with is whether to sell LICs when they are over valued. I have come to the conclusion that there are always opportunities that come along so I sell and move on when things become ridiculously priced. Mind you , quality LICs at reasonable prices are getting harder to find, and I have found with Wilson’s stable you don’t get many chances to enter at a reasonable price point.. If an LIC outperforms and you reasonably think it will continue too into the future, it may very well be worth continuing to hold. It really is a personal decision and one only you can answer.
WMI Price at posting:
$2.06 Sentiment: None Disclosure: Not Held
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