Comments on: Should you back Bolton in the China shop?

By: The Investor

The Investor — Sun, 14 Mar 2010 22:30:09 +0000

@Jimmy – Yes, Fidelity will scale back the issue. Apparently the £400 million set aside for direct investment by private investors is ringfenced though (so institutions can’t back it all).

Note: As per the final post in this sequence, I’m not going to invest in this fund personally – don’t like the fees!

By: Jimmy Pickup

Jimmy Pickup — Sun, 14 Mar 2010 15:41:30 +0000

What happens if the fund is over subscribed? Partial allocation?

By: OldPro

OldPro — Thu, 11 Feb 2010 23:21:31 +0000

Bolton has to be given the benefit of the doubt because he made some of us a lot of money in the 1990s. S’pose I fit into the ‘I owe the old boy one’ bulge bracket. (Bigger bulge around the waist than the wallet he says modestly…)

By: The Investor

The Investor — Thu, 11 Feb 2010 12:21:57 +0000

Hi Ryan – no, Bolton isn’t so rich – perhaps I overdid the ‘wildest dreams’ bit. (Most of the richest people in Britain are from overseas, since we downgraded the Queen by marking her assets as owned by the nation rather than her family).

Bolton is more like another Fidelity fund manager – your Peter Lynch in the US. His record is much longer though (he invested about a decade longer than Lynch, from memory).

Buffett is so rich because he’s more like a hedge fund founder and entrepreneur – he had lots of his own skin in the game at the start, rather than running other people’s money like Bolton and Lynch.

By: Ryan @ Planting Dollars

Ryan @ Planting Dollars — Thu, 11 Feb 2010 12:08:38 +0000

I’m glad you mentioned Bolton because before this post I’d never heard of him… sounds like my kinda guy… follow your passion until you reach the grave! Is he the richest man in England?? (hope that’s not a dumb question) Off to Wikipedia to learn more I go!
.-= Ryan @ Planting Dollars on: Hiking Diamond Head and Snorkeling In Waikiki =-.