Mark Twain said that "History does not repeat itself but it does rhyme a lot". Twain may not have h...
Mark Twain said that "History does not repeat itself but it does rhyme a lot". Twain may not have had the investment trust sector foremost in his mind when he said this, but it does serve to highlight how investment trusts are going through a familiar cycle. The last time the sector was this unloved was in 2003, which proved to be a great buying opportunity. One such opportunity is Law Debenture (LWDB), viewed by many as being another boring generalist investment trust. That view is far from the truth. LWDB's investment objective is to increase the value of capital in real terms, in...
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