The cheapest six stocks on the market
What is a cheap stock? A low price is not sufficient on its own to define a cheap stock because you don’t know what you’re getting in return. £5,000 might be cheap for a second hand Jag, but not if it’s the welded wreckage of two car crashes and a spray job.
Investors usually relate the […]
Bogle attacks ETFs (again)
The father of the index fund, John Bogle, struck another blow in the war of the trackers in the Wall Street Journal last Friday. He says Exchange traded funds (ETFs) that track increasingly specialised markets serve none of the original aims of index tracking. Far from being diversified, he says:
Can you believe that we […]
Private equity vultures
Peter Linthwaite, chief executive of the British Venture Capital Association, defended private equity on Radio 5’s Weekend Business programme last night (NB: this link may not work after next Sunday’s show). He says private equity funds aren’t asset strippers, the whole point of them is to create a better business and sell it on.
Unions, and […]
3G or not 3G
Quote of the day: “…It will take us a year or two or three to find growth in Europe again. But clearly there are parts of the World that are growing much more quickly and are going through the phases we went through in Europe five or ten years ago. And we’re just catching those […]
Are low interest rates here to stay?
The Bank of England held interest rates last week, prompting some pundits to say they’ve peaked. Business Week says low interest rates are here to stay thanks to globalisation and financial innovation, factors that are as true of the UK as the US. In his book Ken Fisher says ‘low’ interest rates are normal:
“Investors […]
WallStrip
The boss was in NYC last week at a conference and was introduced to Wallstrip.com
We love their show. So much infact it now features in our Markets Section.
The end of the newspaper
Quote of the day: “I really don’t know whether we’ll be printing the Times in five years, and you know what? I don’t care either.” Arthur Sulzberger, chairman of the New York Times Company and publisher of the New York Times. Its future is on the Internet he says in a report in Haaretz, an […]
Ken Fisher interview: Why investors are their own worst enemies
Fisher Investments’ office is on Curzon Street W1, a more exclusive postcode than Interactive Investor’s. Inside it resembles a plushly carpeted but oddly furnished private house. I’m not there to discuss my burgeoning wealth, but to talk to Ken Fisher about his new book, The only Three Questions That Count, and to hear why he […]
Build and buy part 1…
Just discovered The Bottom Line. It’s the BBC’s economics editor Evan Davis‘ weekly business discussion show on Radio 4. On Saturday he was talking to Zach Miles, chief executive of Vedior the employment agency that owns Select, and two other company bosses.
Vedior is interesting because it has grown partly by taking over 50 companies in […]
The periodic table of investment returns
This table from Callan Associates, an investment consultancy, demonstrates that no one category of share is superior to any other in the long-term. It ranks the performance of indices representing the S&P500, growth stocks, value stocks, small companies, large companies, international stocks, and bonds since 1987.
Value shares have done better than growth shares for a […]
