Not too long ago, I said I trimmed my position in Centurion Corp.
If you don't remember or if you missed it, see:
Reallocate as interest rate rises.
Centurion Corp. is now one of my smaller investments because I went on to trim my position further as its share price rose in recent days.
My investment in Centurion Corp. was no longer one that gave me peace of mind and, hence, the decision.
I am just being consistent as I said before that if I keep thinking about an investment and not in a good way which means I am worried, then, I am probably over invested.
I am feeling pretty good now with a smaller investment in Centurion Corp.
My investment thesis of so many years ago is now being brutally challenged.
In a rising interest rate environment, it makes sense to me that highly leveraged entities will find it more challenging...
