Games Workshop in two minutes
A two minute monologue What it does: model soldiers Games Workshop designs, manufactures, wholesales and retails war gaming miniatures, scenarios, craft materials, books and magazines for its Warhammer, Warhammer 40,000 [...]
A pleasant St Ives
And a bad memory Just on a whim really, I calculated the median values for some of my favourite financial statistics and then screened the entire market for for companies [...]
The Thrifty 30 enters its third year
Performance issue needs addressing Although it’s January, and I feel compelled to review the Thrifty 30’s annual performance, I’ll refrain because I just don’t think it’s productive. There’s another way [...]
New year, more resolution
Follow the script Last year ended introspectively, with a failed trade in Armour that was both expensive and misguided, but before then I felt I was losing my grip on [...]
Best wishes
‘tis the season A happy Christmas, or simple good wishes, to everyone who reads and comments on this blog, and especially those investors who’ve inspired, helped, and criticised me, including… [...]
Too late…
Armour post-mortem I don’t enjoy picking over the bones of a failed trade, but it’s important to learn lessons. A 70% loss on consumer electronics company Armour goes back to [...]
Too little…
Armour exits the Thrifty 30 Armour was a company I should never have added to the Thrifty 30 but before the recriminations start, I need to do the deed: Eject [...]
Confessing to the original sin
Maybe simple statistics do trump judgement Every time I read a review of ‘Thinking Fast and Slow’ by Daniel Kahnemann, a psychologist who won the Nobel prize for economics, I [...]
The future of the Thrifty 30
In which I moot a foreign adventure and then get cold feet As the end of the year approaches, I’m having some end of year thoughts. How can I improve [...]
The full spectrum of value
Next up… CPL Looking at my screens this month it felt like I’d developed tunnel vision. All I could see were companies I’d included in the Thrifty 30 portfolio, or [...]
What’s thrifty now?
Mined that seam Screens throw up opportunities, but mine are becoming clogged with companies that I’ve rejected and companies that I’ve added to the Thrifty 30 portfolio so from this [...]
Is the market looking forwards or backwards?
If it’s looking backwards, it’s not looking very far… Shares in the typical UK company cost 15 times median earnings over the last ten years. That looks a pretty fair [...]
