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Market Comment - October '16

October 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

He generated 30% average annual returns over 30 years, had no down years and had arguably the best hedge fund track record ever. He is Stanley Druckenmiller, recent worth $4bn. A high roller indeed but we can still learn from him. This is one quote of his that I love: “The first thing I heard when I got in the investment business, was bulls make money, bears make money, and pigs get slaughtered. I’m here to tell you I was a pig.I think diversification and all the stuff they’re teaching at business school today is probably the most misguided concept everywhere. And if you look at all the great investors they tend to be very, very concentrated”.He put his money where his mouth was. When he and George Sor ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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