Blue Whale Growth Fund Full Portfolio Breakdown

Since its inception in September 2017, the Blue Whale Growth Fund has been one of the best performing funds in the IA Global category. It is currently ranked 4th in the sector for performance and had produced annual returns of approx 9%. The funds manager Stephen Yiu is charismatic and has made the claim that Fundsmith and Lindsell Train Global Equity Fund are the only true competitors to Blue Whale in the IA Global category. A very bold statement to make. As an investor, I like to do research on funds that have an exceptional track record. Whilst the Blue Whale Growth fund is certainly young and does not have […]


Investing Requires Patience and A Long Term Mindset

There is only one way for individual investors to win – to increase our time horizons. I have written about this before here and here. Go have a read of these posts to understand why. The underlying reason is that most professional money managers have short term targets. If they don’t show good performance on a quarter by quarter basis, money leaves their funds and they no longer collect their juicy performance fees. That is why many ‘professional investors’ buy stocks that will do well for the next quarter but not necessarily ones that will do well over the next 12-24 month. That is why active management gets outperformed by […]


Stewart Horejsi – Secret Buy And Hold Billionaire Berkshire Hathaway

We all know Berkshire Hathaway as the vehicle that made Warren Buffet the richest man in the world. But what most people don’t realise is that due to Berkshire’s fantastic annual compounded returns, it minted a number of millionaires and billionaires along the way. Today we focus on Stewart Horejsi, a billionaire born through Berkshire Hathaway.  Stewart Horejsi ran his family’s welding business. The business was struggling to fight off competition and Stewart was having doubts that his business would survive. He thus looked to the stock market in order to grow his wealth. In 1980 Stewart bought 40 shares in Berkshire for $265 each – an initial investment of […]


Get Rich Without being Lucky – Naval Thread

Twitter if used correctly, can provide you with a treasure trove of information. One person who keeps putting out gems is Naval Ravikant. If you do not follow him yet, I urge that you do. One of his recent threads that has gone viral is on “How to Get Rich (without getting lucky)”. With the man himself permission, I copy the thread below for your enjoyment. Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.   Understand that ethical wealth creation is possible. If you secretly despise wealth, […]


The House That Vanderbilt – How To Destroy Wealth

This may seem like a strange title. Why would anybody want to destroy wealth? But if legendary investor and Warren Buffets business partners – Carlie Munger – has taught us anything, it is always to invert. Inverting a problem is to solve it backwards rather than forwards.  Rather than asking, “What’s the best way to keep wealth?”, we should ask ourselves , “What’s the best way to lose wealth?” That way we can we can avoid all the things that lose us money. The Vanderbilt’s provide a classic example of how fortunes can be lost. The book written on them, Fortune’s Children: The Fall of House Vanderbilt, is well worth […]


February Stock Market Purchase – Dividend Growth Stocks Outperform

Hartford Funds recently published a piece on the power of dividends. Now there is nothing groundbreaking about this piece. It simply shows what many a research article has shown over the course of history – dividend growth stocks outperform. The main talking point of the article can be found half way down the page. It shows the average annual return for different kinds of stock groups between 1972 and 2017. They are as follows: Dividend Payers and Initiators: 10.07% Dividend Payers: 9.25% No Change in Dividend Policy: 7.47% Dividend Non-Payers: 2.61% Dividend Cutters and Eliminators: -0.35% S&P 500: 7.70% As seen from the above, the key takeaway is that dividend […]


What I Have Been Reading – February 2019

Reading Is A Cheat Code Improving what you consume is the fastest way to accelerate your pace of progress. Time is scarce, so you can’t read everything. You have to make tradeoffs. As you choose what to read, you walk a balance between thinking differently and knowing more than others.  Perrell.com A Hack For Selective Reading “Any headline that ends in a question mark can be answered by the word no.” “Did Last.fm Just Hand Over User Listening Data to the RIAA?” This story is a great demonstration of my maxim that any headline which ends in a question mark can be answered by the word “no.” The reason why journalists use that style […]


Herbert Wertheim – Secret Buy & Hold Dividend Billionaire

Herbert Wertheim. Does the name ring a bell? I bet not. Up until a Forbes piece a few days ago, the Philadelphia native was mostly anonymous. Heck, if you had to walk past him on a street, you would think he was just another pensioner. You cannot tell it by his appearance or lack of media attention but Herbert Wertheim is a billionaire! To get to the ten figure mark, Herbert invested in companies such as Apple, Alphabet (Google), BP, Heico and Microsoft. He bought many companies at IPO and still holds them today. This is the story of how Herbert Wertheim made him money. Herbert Wertheim was not like […]


Not All Money Is Made Equal

When I started my career, I was focussed on active income. Income that I had to work day after day for. I only got paid if I put in the effort by going to work day after day. I was pulling in £27,000 a year from my day job. In order to attain this, I worked very hard. I often worked 45+ hours a week and was exhausted by the end of it. Having no time during the week, I did most of my chores and shopping on Saturdays and Sundays. The became had barely enough time for me to recharge in order to do it all again. This is […]


Tom Gayner (Markel) – 14 Golden Investing Rules

Tom Gayner is co-CEO and chief investment officer at Markel Corporation, a holding company for insurance, reinsurance, and investment operations around the world. The company has often been compared to Berkshire Hathaway in the way it operates. Gayner is an excellent investor and one of the best in the modern era. Just go and look at his performance at Markel for proof of this. Gayner gave a talk at google a couple of year’s back which was a masterclass. That talk had a number of golden nuggets. Here are 14 of them which every investor can learn from. Enjoy! Invest in profitable businesses. Focus on those that have good returns […]