Warren Buffett has famously advised investors to buy companies they would be happy to for a long time if the markets were to shut down temporarily, preventing them from selling. More recently, someone asked him about whether the buy-and-hold strategy is dead, and he said it depends on what you buy and hold.
Similar to Buffett's advice, Andrew Brenton of Turtle Creek Asset Management said they actually buy and hold companies for the long term — just in different amounts at different times. At the Quality-Growth Investor Conference in London on Tuesday, Brenton explained why he...