Buy and hold, hopefully forever…
(Photo by A Syed from FreeImages) Maybe I am getting a bit long in the tooth, but it does seem as if everything is getting faster these days. Between February 19 and March 23 the S&P 500 fell a shocking 34%. In fact, from the February 19 peak, the Wall Street benchmark took only 16 […]
There was an an interesting post by Total Return Investor a few months ago in which he had a go at cloning Neil Woodford’s portfolio with US-based companies. That started me thinking about whether British investors could do something similar to create their own mini-Berkshire Hathaway. Obviously valuation is always key when buying shares and I am not suggesting that […]
As always, there has been adoring media coverage of the Berkshire Hathaway AGM but, putting to one side the footage of WB chugging away merrily on Cherry Cokes and arm-wrestling footballers, there were two nuggets that provided me with food for thought. Bill Gates and IBM Perhaps I have been naïve, but I had always assumed that, given both […]
The Voya Corporate Leaders Trust Fund was founded on one simple piece of logic – companies that prospered in the Great Depression could prosper in all economic and market conditions. The Trust’s founders therefore picked 30 of the strongest American corporations of that fairly grim time (1935) and bought them in equal amounts for their fund. The rule […]
Everybody knows about Warren Buffett’s great investments, whether American Express, GEICO, or Coca-Cola, but what about his mistakes? One of the best things about Buffett is his generosity, and I am not referring to the obvious bequeath here, but instead to his frankness in discussing investing in general and particularly his mistakes. I touched on one of […]