Three great British businesses to buy now

Taking time to understand a business usually pays off for investors, says professional investor Tristan Chapple. Here he picks three stocks for patient investors to buy now.

Each week, aprofessional investor tells us where he'd put his money. This week:Tristan Chapple, of the Aurora Investment Trust.

A patient approach and taking time to understand a business usually pays off for investors. Everyone needs time to learn the value of an investment, and it can take months to learn everything about a new company, even when you know the sector. New sectors, of course, take longer. This learning process should tell you whether a firm is a great business or not. If it is, investors should wait for the share price to fall, assuming the reason for the fall can be rectified in time, before buying. The fall in UK stocks after the EU referendum is a good example of when long-term investors had the opportunity to buy great businesses at attractive prices. When this happens, they should buy the shares and monitor the company. Then, sit back and wait.

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Tristan Chapple is director of the Aurora Investment Trust plc