Professor Glen Arnold

Having bought MS International shares at 186p July 2015 I’ve watched them slide to 170p -175p. Although the dividend of 8p is comforting, I’m still waiting for solid evidence of a reversion of profits per share back to the 19p – 34p range we have seen in the past. The latest annual results (to end-April) […]

Last week I was asked to write a Newsletter regarding the likely effect of Brexit. Following a logic-path I concluded there’s likely to be turmoil. Admittedly, there will be opportunities to buy when Mr Market gets really upset, but that comes at a later date. Also brought to my attention last week is that FTSE […]

People are demanding to be presented with “facts” regarding the consequences of Brexit. In particular, they want economic and financial facts. These will not be presented by economists, politicians or the press. Indeed, they are impossible to present. This is because the economic/financial outcomes depend primarily on the actions of people; and those actions depend […]

I bought Premier Farnell (LSE:PFL) only in April at 122p – it was my “Company B” in the valuation game I played with you (comparing it with its main rival Electrocomponents (see Newsletters 18th March – 8th April 2016)). Yesterday, I turned up to my first AGM. I had my questions lined up, but it […]

Don’t be disappointed if you don’t win every time Peter Lynch said: “Six out of ten is all it takes to produce an enviable record on Wall Street” Even the greatest investors make mistakes – all the time! Out-performing the stock market is one of the most difficult tasks anyone can take on. Sometimes you’ll […]

“A man with a hammer sees every problem as a nail” – Charles Munger So many people go through life with a very small collection of mental models to help them understand the world. This diminishes their ability to think. You need many different mental models in your tool box so that you can choose […]

A pointer to appraising the management of a company Philip Fisher, was a great investor based in California, who made a fortune for his clients over the years. He was also a strong influence on Charlie Munger’s and Warren Buffett’s investment philosophies. Fisher laid great store by really getting to understand the qualities of the […]

It’s normally harder to stick with a winning stock after the price goes up than it is to believe in it after the price goes down Peter Lynch Holding on to winners Academics have produced reams of evidence showing that shareholders have a tendency to sell their winners too early and to stick with their […]

Pittards is one in a short-list of companies I’ve compiled for further investigation as potential net current asset value investments. While I go through the others – which will take a few days – I’ll post some investment ideas which are reminders of what we, as investors rather than speculators, are supposed to do. First: […]

I bought into Hogg Robinson (LSE:HRG), the travel consultants for large organisations, in April last year at 47.1p. Since then I’ve received 2.32p in dividends and the share has risen to 73p – 74p giving a market capitalisation of £237m – £240m. So, after a 60% return in just over a year, the question is […]