I have been horrified watching the evil and unprovoked war unfolding in Ukraine over the last month. It is a brutal reminder for many of us how lucky we are to live where we take the safety of our family for granted. My heart goes out to the Ukrainians affected and I hope for sustainable peace as soon as possible.
Thanks for writing this. Very timely as I also made a recent 10% allocation to Russian stocks and have never had a new 10% position go so wrong so fast. “Shell-shocked” Oh yes and feeling of guilt too for investing in Russia although we were buying when it still looked like just another bluff or negotiating tactic. Due to the feeling of guilt I have made donations to Ukrainian charities. If I did not get stuck bag holding these stocks I might not have made those donations.
But I have come to feel that (hopefully) it is just another journey in value investing and that I will be wiser for this. I am also hedged somewhat by owning other oil stocks like a lot of other value investors. And I have also been thinking that being locked into these investments could maybe end up being for the best. Otherwise, If the stocks were still trading I probably would have panic sold out at the lows. Be stoic and just mentally mark them at zero. Let’s hope for peace soon.
Thanks for writing this. Very timely as I also made a recent 10% allocation to Russian stocks and have never had a new 10% position go so wrong so fast. “Shell-shocked” Oh yes and feeling of guilt too for investing in Russia although we were buying when it still looked like just another bluff or negotiating tactic. Due to the feeling of guilt I have made donations to Ukrainian charities. If I did not get stuck bag holding these stocks I might not have made those donations.
But I have come to feel that (hopefully) it is just another journey in value investing and that I will be wiser for this. I am also hedged somewhat by owning other oil stocks like a lot of other value investors. And I have also been thinking that being locked into these investments could maybe end up being for the best. Otherwise, If the stocks were still trading I probably would have panic sold out at the lows. Be stoic and just mentally mark them at zero. Let’s hope for peace soon.