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 →

My Favourite Theorem (Spoiler: It’s Bayes)

Thirty years ago, I was invited to interview for a place at Oxford University. I travelled down from my hometown of Liverpool and at the allotted time entered a fusty room at a storied college. Inside, sitting around a horseshoe table, were seven men. As the interview progressed it became clear that, like the seven … Continue reading My Favourite Theorem (Spoiler: It’s Bayes) →

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:

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 →