17
Mar
2017
The Art of Heroic Unpopularity
Enough of writing about baggers that I missed out on. This one I bought at 180p September 2015. 18 months later (March 2017) it is now worth £8.25…It’s more than quadrupled. And what is more, the company I bought: Burford wasn’t undergoing some high risk restructuring plan. The strategy stayed the same. My point being... Read More
26
Feb
2017
Shipbroking and bunkering
After my last blog post, about owning shares in ports (Oceans Wilsons) and shipbroking (Braemar) a friend * set me a puzzle. Why had Clarkson (also a shipbroking business) done so much better than Braemar? That is, it can’t just be the sector they are in, because they are in the same sector: they are both... Read More
4
Feb
2017
Thoughts on ports
One explanation for populist politics is that globalisation has created more losers than winners. Most people have not benefited, but the few that have done well, very well indeed. Taking the side of the losers (who are in the majority), is going to be a promising path to political power. I’m not so interested in... Read More
23
Jan
2017
God’s number
God’s number is the minimum number of moves it takes to complete the Rubik’s cube, from any position. And His number is 20. That is, someone might be able to do the cube with less moves. But wherever you start from, even the hardest starting positions, you will always be able to complete the cube... Read More