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You should read the below disclaimer carefully before reading any of the articles on my blog.

Here are 6 points for you to read carefully:

  1. This website is simply a blog or diary to educate from my own triumphs and mistakes. Occasionally I detail what I've bought, sold or (even) shorted historically along with my reasons. 
  2. I am not a "tipster". Tipsters are regulated by the Financial Conduct Authority in the United Kingdom (FCA) and I am not regulated and so am not an authorised "tipster". I am simply a investor/trader who from time to time may state his positions.
  3. I am not trained to nor allowed to give  "individual investment advice".
  4. I cannot give any specific advice, as to whether you should buy, hold or sell any individual share.
  5. Any share buys or sells stated on here will always be historic, based on my personal (and not doubt flawed) view. Don't copy me- always look at your individual circumstances, understand the risk, do your own research and come to your own view. 
  6. Information published on the website is given in general terms only and does not constitute personal advice to any individual.  Investors are responsible for formulating and applying their own strategies based on their own personal circumstances. The author of the website recommends that you obtain independent financial advice from an FCA-authorised intermediary before investing money.  Information given in previous blogs published on the website may become outdated and should not be relied upon unless confirmed by the most recent published blog.
Your reading of all of the blogs written on the website is on the basis that you accept the above disclaimer in full.

Popular posts from this blog

If you could hold 5 stocks for 5 years....

Our favourite holding period is forever (Warren Buffett)
Like many of you I suspect, I tuned in* to to hear the latest pronouncements of the Sage of Omaha last weekend, as Warren Buffett gave his verdict on the situation in which we now find ourselves. Even at the age of 89, Buffett's analysis remains as sharp as ever. 
There were three themes that struck me:
Confidence in the American Economy long-term For regular readers of his letters to investors, this is a common theme. That is why for many investors he advocates considering investing in a simple Index Tracker of the S&P500 as opposed to betting on individual shares. He is a big fan of the ingenuity, creativity, diligence and resilience of the US economy . It is encouraging to see that this latest crises has not shaken his view.The importance of cutting losses He admitted mistakes in his recent purchase of airline stocks- and in his case it wasn't just three grand of Easyjet (EZJ) shares. When you take 10% stakes in the …

Buying in Market Meltdowns

The most important condition for the emergence and continuation of panic is a feeling of entrapment with an impending threat.Enrique Quarantelli (The Nature and Conditions of Panic)
As I sit writing this* on a Friday evening in March 2020, the World seems in meltdown. The words above of Quarantelli seem almost prophetic and the man even has an Italian name. Entrapment is particularly apposite. We know high risk elderly people who are planning to “self-isolate” for months. Many businesses have asked their employees to work at home for an indefinite period. In the UK we all know the threat is coming and will peak in coming weeks and months. It is scary and induces worry.
Thursday March 12th 2020 should have seen horse racing at Cheltenham jostling for attention with the peak day of the largest world property shown in Cannes. The horses were far from the headlines and the property jamboree was cancelled. The reason? The threat of Covid-19/Corona Virus had induced full on Market panic. Th…

Psychology -Remembering the Golden Rules and a Salutary Tale

The risk of not having an exit plan is that you become a hostage to some destructive cognitive and emotional pressures. These unseen and sometimes instinctive influences can be a drag on your portfolio and may even make your best investments turn sour.Ben Hobson (Stockopedia)
Some years ago, I spent some time with one of the leading companies in a notoriously cyclical industry. This particular company had managed to consistently deliver market-beating returns, performing particularly well during a major downturn. I asked them what their secret was to beating the competition?
Their answer? We understand risk like none other in this industry*.
The secret to big gains in any business is a mixture of luck (often right place right time) and the ability to take a bigger risk to deliver a bigger return. This company spent an inordinate amount of time analysing all of the risks of a project. Once they had done this, their greater understanding enabled them to enter projects that the competit…