Moguls

The best businesses can be too good to stay that way. Blessed with superb economics and seemingly-impregnable market positions, anyone would want to own their quality but for two recurring problems: Valuation – Unless the company or its sector is new (think Google-owner Alphabet on listing in 2004) or there is some kind of crisis (as [...]

Who’d want the hassle of being a landlord if you can get the same return from share?

Ackman seems to be in it for the long-term. Should we be too?

The traditional way of gearing up to invest by running a mortgage is riskier than you think…

If half the stocks on the LSE are going to be bid for at a premium, then I know which half I want to own!

How do you solve a problem like the London Stock Exchange?

If meme stock traders are a thing again, can intelligent active investors learn anything from their antics?

Why back one speculative fintech when you can run the table on the sector at a potentially bargain price?

Some quality shares are being valued less dearly by the market. Why, and is it time to buy?

Here’s a trust on a discount due mostly to an administrative cock-up. Potential profit from poor paperwork!

When everything has been marked down in the sales, bargain hunters are in clover…

All growth stocks eventually die a death by re-rating. Did yours just do so?

Dumb leverage can blow you up. Smart leverage reduces risks.

An investment that has gone up when everything else has gone down is hard to say no to.

Let’s be clear: leveraged ETFs are hyper-controversial and not well understood. Nevertheless, in forthcoming articles from the Finumus camp about gearing up a portfolio and investing for different generations I intend to talk openly about them. Hence I want to spend today explaining how they work. That way – with all the blood and gore [...]