Monthly Archives: March 2016

Fundsmith broadcast a short video today (https://youtu.be/TmtYUIS3tgw), arguing that the current economic environment has the greatest similarity with the PO73 (Panic of 1873). Like PO73, and unlike most depressions, the collapse was triggered by a banking crisis. In normal recessions, … Continue reading →

“No man is really changed by success. What happens is that success works on the man’s personality like a truth drug, bringing him out of the closet and revealing what was always inside his head” – Albert Goldman

RTN (Restaurant Group) published its finals today (http://is.gd/FT65mJ), sending the shares down 18.9% to 440p in early trading. Shares were trading at 700p a year ago, and had been moving sideways until January 2016, when they plummeted to 500p. They … Continue reading →

The MHP (Magic Hat Portfolio) on Stockopedia (http://www.stockopedia.com/fantasy-funds/magic-hat-463/) is an experiment by me to see if a human can improve on a mechanical Greeblatt Magic Formula screen. I am trying to weed out “mistakes” that I feel the screening commits: … Continue reading →

DOM (Domino’s Pizza) released its prelims (http://is.gd/sLXUYq) for the 52 w/e 27.12.2015 today. The shares were up in very early trading, but as at 9am were down 0.67%. Its lofty valuation is proving difficult to sustain despite the excellent fundamentals. … Continue reading →