Herald Investment Trust (HRI) illustrates why patience can sometimes be important when it comes to investing. The manager says that there is a drought of funding for small cap technology stocks, but its team has ensured that HRI has sufficient liquidity to take advantage of opportunities should they arise. HRI can find itself operating in a buyers’ market, where it is able to dictate terms. HRI’s performance also reflects the bifurcation of global technology markets, whereby US stocks, especiall ....
