In a recent shareholder update, Nick Train announced that he has added to his holdings in Lindsell Train due to it trading at a discount to NAV.
He added that he does not believe the price of the company has bottomed, but that despite the unprecedented situation, there are three reasons to continue investing. Nick Train buys Finsbury Growth & Income shares on price decline Train attributed the current market conditions to the "evolutionary origins" of panic, and as such, does not believe the "levels that financial assets settle at are rational" but "signals to the rest of the tribe of our current anxieties". Further, he reminded investors that the value of company depends "very little" on short-term profits, highlighting Te...
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