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

The Week That Was

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Each of the indices recorded strong gains last week as bargain hunters swept the market and concerns over a FED rate rise this year seemed increasingly unlikely.

Glencore continued its recovery this week, closing up an astonishing 36% which would seem to indicate overly bearish sentiment fading away (no doubt the Company’s decision to cut zinc production also played a part in the rally).

The French CAC-40 is the year’s top performer with an amazing +10% return followed by Japan’s NIkkei 225 (+5.66%) and  London’s FTSE 100 (+2.97%) .