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The shares that got away—and what I learned from them

By Andy Davis   August 2011

Galliford Try, which built the Centre Court roof at Wimbledon, has proved a sound investment

Hindsight can be cruel. Most of us can endure only a partial version—we block out really unpleasant episodes, allow selective memory to do its work and rewrite history into a more palatable form. And why not? Looking back is often painful and the only lesson most investors take away is that we can’t forecast the direction of the markets.

But refusing to rake over the coals in search of insight is an opportunity lost. I’ve spent plenty of time trying to work out why I…

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