other lics, page-63

This is not a technical term, it basically is going about any means possible to obtain information about a company & its operations.


As for your international question on LICs:

There is one highly regarded mutual that I hold and boast about its the Fairholme Fund run by the magnificent Bruce Berkowitz. He has an amazing temperament and behavior to business and stock selection, a faithful of the Warren Buffett school. And he is relatively young. A long term hold for me.

The Sequoia fund started by the brilliant Bill Ruane is another you can have a look at. Bill Ruane is a student of the Graham days with Buffett.

These are U.S funds, I believe unlike many that the U.S will continue to be the dominant financial powerhouse for many many decades to come.