I was happy to find James Pan has posted another video on YouTube of one of his university lectures. He is totally under the radar, managing family money only, though his returns are spectacular (c18% over c20 years). I'm not sure he would agree with my characterisation but I seem him as a long term growth at a reasonable price type or reversion to the mean type investor - he talks about trying to find the "second leg of growth". I thoroughly recommend both of his talks both for his practical advice on successful value investing but also his wry humour. He is pretty inspirational.
https://www.youtube.com/watch?v=8Flci3xYJpo&t=4799s
https://www.youtube.com/watch?v=S6ahjNIXH8g
Wednesday, 25 April 2018
Thursday, 5 April 2018
Q1 Portfolio Update
| Bloomberg Ticker | Percentage | ||||||
| FLYBE | FLYB | 14% | |||||
| Rolls Royce | RR/ | 11% | |||||
| Leucadia | LUK | 10% | |||||
| FIAT | FCAU | 9% | |||||
| COTY | COTY | 8% | |||||
| Card Factory | CARD | 8% | |||||
| AIG | AIG US | 7% | |||||
| Next PLC | NXT LN | 7% | |||||
| IG Group | IGG | 6% | |||||
| Tripadvisor | TRIP | 6% | |||||
| Dignity | DTY | 5% | |||||
| Imperial Brands | IMB | 4% | |||||
| Seritage | SRG | 4% | |||||
| GBP Cash | 0% | ||||||
| Quarterly Return | Quarterly Benchmark Return | ||||||
| -0.82% | -5.75% | ||||||
| Return Since Inception | Benchmark Return since Inception | ||||||
| 40.10% | 96.95% | ||||||
| Annualised Return since Inception | Annualised Benchmark Return since Inception | ||||||
| 6.63% | 13.78% | ||||||
| Quarterly Leveraged Return | Annualised Leveraged Return | ||||||
| -0.09% | 11.05% | ||||||
| Leverage | |||||||
| 22% | |||||||