Ann: Change in substantial holding-SDI.AX, page-20

@Wini,

No worries.

Most people don't like it when attention is drawn to the negative aspects of companies they own.

However, given that there is no such thing as the perfect business, I actually think that it is critically important to identify, and to keep a close watch on, any major warts that exist.

At least that way one is less likely to have one's investment ambushed by any unexpected nasty surprises.

In fact, it is only when one's thinking about an investment has actively been allowed to be genuinely challenged by opposing views, and when after this rigorous scrutiny the investment thesis remains intact, that one can invest with real conviction.