As I consider myself to be a long-term investor, I take short-term disappointment in stride…not a few months does a successful investment make. Having said that, periodic performance reviews should be undertaken to ensure the ‘story’ that lead you to invest in the business in the first place has not materially changed (i.e. obsolescence, regime change etc.) and the businesses are still attractive for the long haul. 

The 8 stocks I identified as attractive long-term holds turned in a mixed set of numbers for 2015 (gross local currency return). These stocks represent a diverse set of industries from automotive and financial services to retail and transportation.

How did your positions end 2015?