Buy and hold, hopefully forever…
Note: This post is the latest in a series of my holiday to the US. Worry not – I will be back on-topic shortly. Leland Leland is home to the Highway 61 Blues Museum. It is also, we discovered, the birth place of Jim Henson, creator of that talking frog. Noticing a small, quirky looking museum […]
Warning: Still on holiday and so still off-topic. Vicksburg Vicksburg has a strong whiff of picture postcard tourism about it. A woman in one of the shops summed this up when, after I said something complimentary, she replied “Well, after you’ve seen it once…” She then went on to talk–at great length–about the casinos in the neighbourhood and the […]
Warning: I am still off-topic as the holiday continues. McComb – crimes against the blues After picking up our rented car, we said au revoir to New Orleans and set off on the journey with the first target being McComb, birthplace of Bo Diddley*.McComb was founded by a killjoy railway man who wanted to relocate his railway maintenance […]
Warning: I am temporarily going off topic. Please vacate the building if you do not like: Louisiana Jazz Jambalaya I am going hijack my own blog here (try stopping me) to post an update for friends/family on my current whereabouts. It is holiday time and we have embarked on what–for me–is a musical pilgrimmage to the land […]
August was a strong month for the portfolio with a total return of over 4%. I don’t need to look to hard to find the main drivers of this, with Berkshire advancing by about 11% (in sterling terms) over the period. Furthermore, the gain was based on fundamentals, with Berkshire announcing early in the month […]
It seems to be difficult to get involved in football without paying helpers and, yet again, our old friends would seem to be generously remunerated by the new football fund being backed by Terry Venables (former Tottenham manager). “Introducers”, as the people who bring investors to the fund are called, will be paid a stonking 6% commission. The […]
As any long-suffering readers would know, I sporadically look at the key ratios (there are a lot around) you see most commonly cited in investment articles. Previously, I have investigated Price to Earnings parts 1 and 2, Earnings Yield, and EBIT to Enterprise Value; today it is the turn of another ratio that sounds about as appetising as a spoonful of […]
Diageo, by any metrics, is a high quality company that keeps a lot of people happy. With its consistently high return on capital employed (never below 30% in the last five years) and solid dividend record (16 years of increasing dividends, currently yielding 3%) it has plenty to offer investors; but with its stable of market-leading brands, […]
Occasionally, when I am away from home, the tv remote control leads me to CNBC or Bloomberg. It is remarkable how they can make something that should really be quite dull–the financial markets– into great entertainment. It can be strangely engrossing to watch some chap in an expensive suit with billions under management dispensing short, sharp pearls of […]
I timed my post of two days ago perfectly: no sooner than I had finished trumpeting the sagacity and confidence shown by the AstraZeneca directors in buying shares in their charge, than it promptly deflated by 5% The reason given was that stricter rules on tax inversion in the US may scupper future deals. And […]