I sold Venture to increase cash.
There are 2 reasons to sell, either target is meet or moat is lost.
I am glad it is the former.
When I research VENTURE, I see clear sky for the next 2 - 3 years and I expect to keep getting 3 round of dividends, any capital gain is bonus.
Given I got my 2.5 years of dividends in 9 months, I am contented to take risk and money off the table.
May the person taking over VENTURE huats!!
That's why I never proclaim myself as a Value investor, I can't resist taking profits. Since my buy target is reached I pass.I do think Venture has a certain Morton terms of capabilities.