Earlier I outlined six reasons to invest in Anthony Bolton’s Special Situations China Trust.
Yet as Spinal Tap almost said, what’s life without a big ‘but’?
So to continue with my special Anthony Bolton extravaganza, here are six reasons to avoid betting on Bolton.
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I wrote earlier about how superstar investor Anthony Bolton is shimmying down the retirement home drainpipe to head East, where he will find companies for his new Special Situations China Trust.
But should we back Bolton’s adventures with our money?
I thought modern retirement was meant to be an exciting affair – cruises around the Maldives, skiing holidays in Peru, and kinky parties where the plucky OAPs put their bus passes into a bowl and take a lucky dip.
Although I may have misread the brochure.
In any event, it’s not exciting enough for Anthony Bolton, the superstar Fidelity fund manager, who will see ‘Britain’s Warren Buffett’ chiseled on his grave.
Imagine you could rub a lamp and a genie would appear offering to buy some proportion of your future lifetime earnings for £1 million.
How much would you give up?
One man who believes in fairy stories is James Layfield, an entrepreneur who tells the Financial Times he will give up 10 per cent of his lifetime earnings for £1 million:
“I believe that this is the true sprit of entrepreneurship,” the 36-year-old said. “I am my own commodity.”
The offer is for a slice of Layfield’s entire lifetime earnings, although a clause would allow him to buy out his investor for a multiple of the original investment.
He is currently in negotiations with one wealthy individual.
I wouldn’t be negotiating, I’d be plying the fool with drink to get the million pounds signed over as fast as possible!
