Charlie Munger and Warren Buffet are probably the best known investing duo that ever lived. Both of these investors are great in their own right but when they come together, they have leveraged there knowledge and made decisions that have turned Berkshire Hathaway into the colossal conglomerate it is today. Both Buffet and Munger have a great eye for wonderful businesses and this had led them to achieve great returns on their stock market investments over the years. Buffet and Munger stock selection strategy is relatively straightforward and easily implementable by the average investor. In Mungers own words, their stock selection strategy is as follows: We have to deal in […]
Anyone that wants to build wealth should abide by the following statement : buy more assets – things that put money into your pocket – and less liabilities – things that take money out of your pocket. Cash flowing assets are the key to prosperity whilst liabilities can leave you in financial ruin.
Donald and Mildred Othmer were a couple like any other from Omaha. Except they had a secret. They both knew Warren Buffet when he was starting out and had the foresight to invest their money into his partnership. The rest as they say is history
There are a number of companies with the name Coca Cola listed on the stock market. So which one should you invest in? This article looks at the various Coca Cola enterprises.
About a year ago, a reader of the site (Pawel) got in touch with me via the contact form on the site. He had just come across the concept of Financial Independence and was intrigued by the concept. Pawel was in touch to say how much he enjoyed this site and had a few specific questions to ask. Ever since them, Pawel and I have been in regular contact with each other. So when he asked me for an interview for his sites smartpolak and smart roman I was only too happy to oblige. Please find the interview below. Enjoy. Let’s start with general question about Money Grower blog. When […]
Last week, I applied for shares in AJ Bell PLC at the Initial Public Offering (IPO). Normally I am averse to IPO’s. Empirical evidence has shown that IPO’s tend to underperform . Insiders who have more knowledge of the firm usually sell out at the top and this is why IPOs in many instances tend to underperform. But with AJ Bell, I did not have the usual concerns that come with an IPO issue. This is because the founder Andy Bell decided to keep his stock. Furthermore the IPO was only available to customers of AJ Bell that had an account as of 18 October 2018. And only 26.6% of […]
I recently came across the website buildyourstax.com which provides a free online stock market simulation game. According to NGPF (the makers of the game), Stax is meant to teach students how to invest using an engaging, fast-paced game in which students will make 20 years of investment decisions in….20 minutes. Players can choose among stocks, bonds and index funds while also learning about the importance of having an emergency fund as “life happens” to them in this simulation. The game takes data from a real 20 year period this is really cool – it let’s you know which 20 year period after the game is finished. This allows you to see […]
The most anticipated investment trust launch of 2018 finally happened in the month of October. Investors will be hoping the trust will produce similar stellar returns to that of the main Fundsmith fund (holdings here). Even though Terry Smith won’t be the manager of the fund, the ethos of the Smithoson trust will be similar to the flagship Fundsmith Fund – Buy Quality Companies, Don’t Overpay and Do Nothing. What Individual Stocks are held in the Smithson PLC Portfolio? Smithson, like most investment trusts, only gives its top 10 holdings at any one time. As the trust is new, we currently don’t know the full 29 holdings in the portfolio. […]
“The oil price is falling, should I sell my BP stocks.” This was a question I received via email from a reader of the site. The reader further went to ask “ Where do you think the oil price is headed? I fear that it is going lower and I should sell my BP shares.” My simple answer to this is simple, I don’t care what is happening to the oil price at the moment – even though the price of crude has dropped by about 20%. It might shock you to learn that I am not an avid follower of the oil market even though close to 15% of […]
Warren Buffet is the most studied investor on the planet. And for good reason too. He is the most successful investor to ever live. There are countless books and articles written about him. One particular article I came across recently from MarketWatch was fascinated me. It contained information on the wealth of Warren Buffet at different ages. Without further ado, here is Warren Buffet’s net worth at different ages Age 14 : $5,000 Age 15 : $6,000 Age 19 : $10,000 Age 21 : $20,000 Age 26 : $140,000 Age 30 : $1,000,000 Age 32 : $1,400,000 Age 33 : $2,400,000 Age 34 : $3,400,000 Age 35 : $7,000,000 Age […]