This space is reserved for shipoffrogs to introduce himself.
It's largely psychological and a matter of temperament. If the market falls in the near future you'll probably do well. But if it rises say 20/25%over the next 12 months - you'll find it hard to stick to your guns; and could easily go in at a much higher price than now only to see your suspicions then confirmed. Market timing is incredibly hard. Good…
Hi Paul love the blog. But I have to take issue with your inference that GAW's trading update is spin. From memory - a couple of years ago they won a big award and didn't turn up at the award ceremony because they felt it was a diversion, their accounts don't contain photos or colour and are bound with gaffer tape. I think they are…
Hmmm, why would you pay active management fees to a manager that invests across the market with a value bias? It would be more cost effective to invest in a tracker for market exposure and seek the value play through a specialist investment.
Hi Paul I dont really understand why a company growing by acquisition can justify treating the write off of intangibles as exceptional - they did the same last year, seems pretty normal to me: but then, bang go all the profits.
"If there were any justice index funds would pay a tax to the active management community for their service." Yeah - they could add this tax to the income streams they generate from lending their clients' stocks, the research commissions they pay for others to do their work and their already high fees.
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