I almost never sell
anything, because nearly all my recommendations are based on what I
believe are
the two dominant long-term economic trends, which I think are still in
their
early stages: more war, and more debasement of the dollar caused
by the
war.
One of the rare
exceptions is Gannett (GCI), which I suggested in the March 2009
EWR.
Gannett is now up more than seven-fold from when I wrote about it —
which
turned out to be the exact bottom.
I expect for most of
my readers it’s a good idea to take some profits here, assuming you
haven’t
already.
But, I’m not selling
mine, for three reasons: 1. I think the write-up in the
March 2009
EWR remains exactly right. 2. I bought it as a long
shot.
3. The amount I bought is an insignificant part of my financial
net worth.
Thanks for your
interest in my work. You are always on my mind.
