Almost twenty years ago, in March 2000, I was sitting in a newly-opened branch of Starbucks near my home in London, reading a copy of the Financial Times. I was on gardening leave between jobs, serving out my notice from one employer before I could officially join the next – one of the largest investment … Continue reading Inflection Point
Category: Investing
Meeting Warren Buffett
Unless you’re doing business with him, there are three ways to meet Warren Buffett. You can buy a Berkshire Hathaway share and attend his annual shareholder meeting, along with 40,000 other people. You can bid on the lunch he auctions off once a year for charity. Last year’s went for US$3.3 million. Or you can … Continue reading Meeting Warren Buffett
Bank Valuation
I gave a presentation to London Business School students on how to value bank equity. It looks at how Bridgewater analysed banks during the financial crisis, how Jamie Dimon of JP Morgan looks at his own stock, and how to think about Deutsche Bank now. Plenty more, besides. Here it is:
Luck and Skill in Financial Markets and Beyond
In the heat of the financial crisis Philip Falcone, billionaire hedge fund manager, testified in front of Congress. He said: “I take great pride in my upbringing, and it is important for the committee and the public to know that not everyone who runs a hedge fund was born on Fifth Avenue. That is the … Continue reading Luck and Skill in Financial Markets and Beyond
Angel Investing: Perspectives of a Stock Market Operator
I have been involved in the stock market on a professional basis for over 20 years, but in recent years my attention has additionally been drawn to private investing. In total I have made around 12 private investments — across various industries, but with a focus on financial technology. My transition from public to private investor is … Continue reading Angel Investing: Perspectives of a Stock Market Operator
Fantasy Football and Investing
The official English Premier League fantasy football game, FPL, is currently played by over 7.2 million people, globally. Among the millions of mini-leagues that players organise themselves into, there is one that stands apart. Like many others it’s a work league of sorts, but unlike those others its members weren’t necessarily football fans before they … Continue reading Fantasy Football and Investing