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A contrarian fund for adventurous investors

A contrarian fund for adventurous investors

2 mins. to read

It is not normally a very sensible policy to invest in countries that have incurred international sanctions in response to their unacceptable behaviour, but Russia could be an exception. The partial recovery in the oil price has allowed its economy to return to growth, yet it remains the cheapest major market and is trading on…

A star is born

A star is born

1 mins. to read

A star is born: if you missed Georgia Toffolo (a.k.a. the Toff) on Andrew Neill’s politics show go back and look it up. She won I’m A Celebrity Get Me Out Of Here. Not only is she attractive (very and with good legs) she is astute and clever. She is a natural Conservative by disposition…

The Future of Money: Cash, Crypto or Gold?

The Future of Money: Cash, Crypto or Gold?

26 mins. to read

We think of money as an objective reality – but in fact it is just a conceptual construction of the human mind. It does not exist in nature; animals have no notion of it; even humans managed to live for countless millennia without it. The history of money is the history of civilisation. It has…

Why I’d rather buy these 2 gold miners than bitcoin

Why I’d rather buy these 2 gold miners than bitcoin

2 mins. to read

The rise of bitcoin this year has taken all but its most ardent supporters by surprise. The virtual currency has risen by as much as 17x since the start of the year, with it passing $17,000 for the first time this week. While it could move higher in the short term, ultimately it appears to…

Heaven defined

Heaven defined

1 mins. to read

I think that one of the essential rules of showbiz is that one should leave them wanting more. On this basis, Henry Blofeld’s session this week reading his book, Over and Out, on BBC Radio 4’s Book of the Week slot and which finished today deploys the very showbiz rule earlier adduced. The entire presentation…

Brexit, the Tory Ultras and the Corbyn Threat
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Brexit, the Tory Ultras and the Corbyn Threat

13 mins. to read

This morning a deal has been struck in Brussels. But will the Tory ultras buy it? And will Labour gain ground if they don’t? Sufficient progress? The breakthrough deal that was supposed to happen on Monday (04 December) was supposedly scuppered by the Ulster Unionists. In fact, much opposition to Mrs May’s original deal was…

Evil Knievil: Taking a profit on Ladbrokes Coral

Evil Knievil: Taking a profit on Ladbrokes Coral

1 mins. to read

The bid for Ladbrokes Coral (LON:LCL) has arrived. What surprises me is that it is tabled before HMG opines on FOBT maximum stakes – this is expected by the end of January 2018. I am taking a profit. ***** Steinhoff (ETR:SNH) has duly collapsed on the announcement that its CEO is going and PwC has…

Make a mint with these marvellous microcaps

Make a mint with these marvellous microcaps

13 mins. to read

There is one sub-class of small cap stocks which offer the potential for substantial long-term gains – perhaps more than any other asset class in existence. Not just 100% or 200% gains but up to 100,000% or even 200,000%. The stocks I am talking about are microcaps, companies which have a very low market capitalisation…