I have to admit that I'll never take another consentrated position like I did with LVLT again
For one reason, the opportunity to buy shares at below $11 is long gone. But I still hold those shares and LVLT exceeds over 75% of my portfolio. Granted, I was lucky and I'm not going to fool myself into thinking I'm some great investor. All I'm trying to do now is gradually sell as the price rises. I'm in no hurry, because from all the information I've gathered over the years, Level 3's intrinsic value is well over $100 pps. Somebody might say why sell then? I say what else is there to do when you've beaten the market? Cash in some chips and live happily ever after. That's what Walter Scott told us. He was right, but he didn't know what he was talking about, not being a value investor, he is just a good builder. The way to be happy and make money, is to take advantage of Mr. Market.