- An investment meets our investment guidelines, at a discounted price.
- The investment represents either new opportunity or a strategic hedge for the portfolio.
- A unanimous decision is made by the investment committee.
- Expectations met or exceeded
- Risk/reward characteristics have changed or no longer meet our investment guidelines
- Another investment idea, with more favorable risk/reward characteristics has been identified
- We have misjudged or otherwise found an omission in our original analys is