The passage of time alone does not establish whether an investment should be retained. Capital Invest's published approach connects the duration of ownership to the continuing merits of the investment case.
The reason for remaining invested
A holding decision returns to the reasons that justify ownership. A long horizon allows those reasons to be considered beyond an immediate market movement, but duration is not a substitute for their continuing validity.
Patience has a purpose when it remains connected to the business or asset that is owned.
A changed case deserves attention
New information or changed circumstances may affect the basis for an investment. Reassessment asks whether the reasons for holding still apply; it does not assume that an earlier decision must always remain the right one.
This distinction separates a long-term orientation from an unconditional commitment to keep a position. The company's stated policy is to hold while the case remains intact.
Timing follows judgement
Permanent capital gives the company room to determine its own horizon. Ownership judgement concerns how that room is used in relation to each investment.
A flexible horizon is useful when it remains connected to a clear reason for ownership.