​I recommend that you develop and follow a well defined investing policy that you can use to guide your investing decisions. As a suggestion, my investing policy includes the following basic principals which I use manage and qualify companies for inclusion in my portfolio: 

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1)  My portfolio should be concentrated in a small number (no more than 10) companies.

2)  I should minimize trading costs and management fees.

3)  Each holding should pay a signficant and growing dividend.

4)  Each holding should be a financially stable Canadian company, whose operations I am familiar with.

5)  Each holding should operate in a stable industry and dominate their peers.

6)  Each holding should have excellent prospects for long term financial success.