Write

Why I Write, And Why You Should Too

Recently my website hit its fifteen month anniversary.  I have now been writing for well over a year, endeavouring (and occasionally failing) to publish something once a week.  The past few weeks, however, have been a real challenge.  Work has been exceedingly busy, and if I’m honest I’ve been finding it tricky to summon the motivation to write.  It makes sense to me now why so many bloggers eventually stop writing.  It’s hard.

My valuation last week of XL Media ran to approximately 1800 words, and took around four to five hours to write.  This may not sound particularly troubling, but fitting it into a full-on, full time job means it is occasionally a struggle.  That being said, I’m not giving up.  It’s too valuable.

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Returned

I Have Returned! So, Where Were We?

I have returned!  Did you miss me?

What do you mean, “who are you, exactly?”

Taken a few weeks off from writing recently, or should I say, haven’t had a second to think about investing, let alone write about it.  I have been rather preoccupied with my full time job as of late, you see.  New term at the school, and the autumn term is one of the busiest of the year (along with spring and summer).

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DIY Investor Magazine

DIY Investor Magazine Interview

A few weeks ago I was asked if I’d be interested in contributing an interview to DIY Investor Magazine.  Flattered as I was, I wasn’t sure whether people would be interested in reading about someone who’s only been investing properly for two years.

If you’re not familiar with the magazine, it follows a preset six questions asked of each interviewee.  I fortunately had the opportunity to read previous examples, including the most recent by @WheelieDealer.  Having taken a look, I felt I had the requisite experience to be able to give reasonable answers to these questions.  After all, there are always people just starting out, and if I could assist them in any way I’d be more than happy to do so.  The magazine was therefore published last week, and the Q&A interview went live this weekend:

It was a very interesting experience to be able to look back on my journey so far.  It’s been a good decade or so since I started learning about price/earnings ratios and whatnot, and I’ve made some mistakes, but overall it’s been a positive experience.

So without further ado, my Q&A interview with DIY Investor Magazine.

Happy investing!

 

Leave a comment below, or find me on Twitter @BritishInvestor.

Betraying Your Investment Framework

Framework

Many of you will know I talk regularly about my investing practice and the framework I am developing.  Having been at this for only two years I am well aware this framework will remain a work in process for a good while yet, but so far it is based on two essential tenets.  One, investment in free cash generative, growing businesses.  Two, investment in these businesses at reasonable valuations.  But I have a confession to make.  I have in the past few weeks had my head turned.

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Cheaper

Stocks May Be Cheaper Than They Appear

If you read any of my company valuations posts, you’ll know I like to incorporate a discounted cash flow model when looking into the merits of a business.  Make no mistake however, this is but one tool to be used when investigating a company, and obviously does not work under all circumstances (i.e. companies that don’t generate positive free cash flow).  A discounted cash flow valuation can be as simple or as complicated as you want.  I’d like to explore that idea a little bit.

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Keynote 2017

Apple Keynote 2017 – First Thoughts

The worst kept secret of the year was finally unveiled tonight.  Apple are indeed releasing a ten-year anniversary iPhone, dubbed the iPhone X (Ten).  This will sit alongside (or above, given the price) the standard range update of the iPhone 8 and 8 Plus.  No doubt there will be 64,000 articles written on this by the end of the week, and I’d not be so presumptuous to assume I offer any new insight, but as a shareholder of AAPL I have a few thoughts.

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