Most of us tend to be better at buying and holding stocks than we are at selling.   After all, buying is the fun part – it’s when optimism is kicking in.   But knowing how to sell is just as important when it comes to your returns.

With the demise of Silicon Valley Bank (SVB) and the effect on Credit Suisse – its share price has declined 90 per cent in five years to CHF1. 70 – I thought it appropriate to return to basics and dig a bit deeper into what constitutes a “Quality” business, also known as a “Compounding Machine”.