Bill Child took a 600 sq ft store with annual revenue of $250,000 to a dominant position in Utah furniture retailing with $256m turnover. For him to succeed he had to follow sound principles to gain the trust of customers and the admiration and loyalty of employees. These are useful pointers for investors: if you see this sort of combination being implemented at a company it is likely to be one with a bright future. Fortunately for us he has written about his rules for success:
I'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.