The seeing eye: Investment is likened to chess by Anthony Bolton in that it is necessary to see a couple of move ahead of competitors. Think through the secondary effects of a current change.
For example, everyone can immediately see that a rising dollar against the pound is good news for UK-based manufacturers exporting to the US. What is not so obvious is the impact on the oil refinery industry given the fact that oil is priced in US dollars. And then there is the impact on inflation a few months down the line, which in turn has a impact on interest rates, which can affect company profits. Lateral thinking is often required to see things differently leading to the development of perceptive vision not in the grasp of linear thinkers. Hunger for analysis You need a curious, en
0 Comments
Leave a Reply. |
Glen ArnoldI'm a full-time investor running my portfolio. I invest other people's money into the same shares I hold under the Managed Portfolio Service at Henry Spain. Each of my client's individual accounts is invested in roughly the same proportions as my "Model Portfolio" for which we charge 1.2% + VAT per year. If you would like to join us contact Jackie.Tran@henryspain.co.uk investing is about making the right decisions, not many decisions.
Categories
All
Archives
May 2023
|