Friday Reading
Positivity in Negativity Nothing is ever quite as it seems in investment, it always strikes me. While I'll often say that I think things can be viewed from perspectives that are contrary to prevailing...
View ArticleSupergroup (SGP)
A different angle You may be forgiven for thinking you're visiting Grazia instead of Expecting Value with the recent spate of fashion, but if you're looking for handbags and casual style you're out of...
View ArticleTrinity Mirror (TNI) / Debenhams (DEB)
Dangerous Bedfellows Not in the sense that Trinity Mirror, the media and newspaper company, and Debenhams, the well known chain of department stores, are planning to start some explosive corporate...
View ArticleHampson Industries (HAMP)
Dodging the Bullet Checking up on companies I've previously written about is a good way to see whether things went the way I expected them to, or whether I got a call completely wrong; maybe I didn't...
View ArticleLow PTBV Stocks
Graphs and Reflections Something I've been doing more over the last couple of weeks is playing around with Sharelockholmes, the screener I use to save me some grunt work, and doing things I haven't...
View ArticleFriday Reading
When to sell, what to buy Two subjects that continue to elude me. Well, 'what to buy' is sort of an obvious one - all investors are concerned with putting their money to its best use and buying the...
View ArticleStatistics and Variance
Poker & probabilities I'll be diverging slightly from the usual strictly investing side of things for a post which is, I hope, related and interesting. It comes about from a discussion I read a...
View ArticleNationwide Accident Repair Services (NARS)
Hidden Risk Nationwide Accident Repair Services is an interesting stock to me because it sits in such a bizarre spot. It provides pretty specific services - and, in the manner that I love, tells you...
View ArticleFriday Reading
On Mean-Reversion I haven't done one of these for a while, though that's a failing on my part. They give me an excuse to meander briefly and think aloud which is always nice, if a little...
View ArticleGovernments and Investing
Awkward bedfellows A one-way relationship I get the feeling - both from talking to other investors and trying to objectively read my own posts - that the opinion toward the government by investors is...
View ArticleHindsight Bias
A note on fallibility A short piece I've been meaning to write for a while now is less on the specifics of investing, but is still very relevant to the practice. Hindsight Bias Hindsight bias is the...
View ArticlePension Schemes & Investing
Blast from the past I write this as a quick few thoughts on a really good read that was suggested to me by Jon on Twitter. I'll write up a longer post on portfolio matters tomorrow, but this deserves...
View ArticleInvesting metrics
Why returns matter Since it's something I get asked a lot - understandably, since I never used to use return metrics at all in my investing immaturity - I thought I'd do a quick post on why returns...
View ArticleSupermarkets (TSCO, SBRY, MRW)
Some figures I like the supermarkets. I like the supermarkets because they're the best example I can think of of capitalism in action. They're relentlessly profit driven machines in constant...
View ArticleThe high street
The burden of pain I try not to spend too much time talking about economics on the blog; I'm often reminded of the description of philosophy being a pursuit for people with 'too much time and not...
View ArticleOn Intangibles
Why I don't buy goodwill On Friday I'll be posting on the printing group, Grafenia - who've recently changed their name from 'Printing.com'. You may have heard of them, as they've been around a few of...
View ArticlePortfolio
Some shuffling The markets have been pretty volatile recently, and the year-to-date has been one of my longest periods of underperformance vs. the market for a couple of years. I use the term...
View ArticleYou can’t trust EBIT (AMZN/ASC)
The other day I was discussing with one of my colleagues the differences between tech valuations in the UK and in the US. There’s a good reason the real tech giants in the world are US companies, as...
View ArticleDividends are overrated
A couple of weeks ago an interesting article was posted on Stockopedia: ‘Dividends are more reliable than accounts’ This is a pretty bold statement and, having ruminated on it a bit, one I can’t help...
View ArticleThe market is cheap (but specify your inputs)
Lots of people think the market is dangerously expensive. They take a look at the S&P 500 graph, which looks like this: And they’ll point out that we’re now about 50% higher than we were in 2007,...
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