Month: December 2019

Weekly Commentary: 30/12/19 – Change Alley

Change Alley Suggesting that Scrooge’s drive and self-discipline was something we should aspire to didn’t go down well with my millennial children. I rationalised the barrage of criticism as the product of low rates, plentiful debt and cheap money making the concept of being economical unpopular. Scrooge’s world was one of narrow dark alleyways -similar […]

Alpha FX speaks my language

In response to a reader’s suggestion, Richard investigates Alpha FX. It is exactly the kind of people-first business that could be building a long-term competitive advantage and consequently grow inexorably. As I was considering what to write about for my last article before the Christmas break, a present from a reader arrived in my inbox. […]

Screening For My Next Long-Term Winner: Mears

This article has not turned out as I had expected. I searched on SharePad for magnificent dividend histories, and thought I would be evaluating a business with glorious financials and tip-top management. I have instead ended up with accounting alarm bells and a dissident shareholder trying to oust the boardroom. The screen I applied in […]

The ultimate competitive advantage

Business schools identify the sources of competitive advantage that tie customers to companies and what they produce. Fundamentally though, there is only one true competitive advantage: people. If I could recommend one book for long-term investors, it would be “Intelligent Fanatics Project” by Sean Iddings and Ian Cassell, which is subtitled “How great leaders build […]

Cups and bowls

Cups and handles, and bowls, have been very popular with trend traders. These patterns can be powerful as they show sentiment of the stock gradually changing and buyers slowly overpowering suppliers of the stock. This is a classic cup and handle pattern. The cup is the deeper bowl, along with a handle which is the […]