The Week That Was

WTW01082016

The first trading week of 2016 saw investors heading for the hills as concerns over China’s economy jumped to the fore with increased fervor and tensions in the Middle East continued to rise. Each of the indices posted sharp losses, all but one in excess of 5%.

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My Year-End Scorecard

As I consider myself to be a long-term investor, I take short-term disappointment in stride…not a few months does a successful investment make. Having said that, periodic performance reviews should be undertaken to ensure the ‘story’ that lead you to invest in the business in the first place has not materially changed (i.e. obsolescence, regime change etc.) and the businesses are still attractive for the long haul.  Continue reading