Ian, I completely agree with your sentiments. We would have preferred less liquidity and a larger discount. Going forward, a similar scenario is not possible as a vote would be required, which would be highly unlikely to be forthcoming. John

On One fund manager that has smashed its benchmark over ten years -

or you can buy it here .. https://www.abebooks.com/book-search/title/margin-of-safety/author/seth-klarman/ It's a collector's item and NOT cheap.

On 12 outstanding investment books -

Hi Peter, yes they're two great books. Poor Charlie's Almanac and Seeking Wisdom also have a lot of psychology as do some of the others. More psychology books here .. http://mastersinvest.com/further-reading/ You may wish to search the internet for the PDF of Klarman's book.

On 12 outstanding investment books -

Yes, too many good books. The lessons of 'Influence' are well covered in Charlie Munger's Almanac and Seeking Wisdom.

On 12 outstanding investment books -