Scottish Mortgage Invest... Share Discussion Threads

[getscenic] 20/1/2017 14:00

I should think he's in the M.D's office with copy of the latest annual report stuffed down his trousers.
Judging by the reaction of his shareholders he might have his own Brexit moment!!

[galeforce1] 20/1/2017 13:06

Caradog

I agree with you. Mrs May's 'nationalistic hubris' is excessive and it's a mistake. It's not going to impress anybody in Europe.

Goes down a storm with the Daily Mail readers in the UK, though! And I guess that's who it's aimed at.

[philo124] 19/1/2017 18:27

Crazy I know but, topped up before the close.
Class act.

[peterbill] 18/1/2017 14:09

1 Month Chart with Volume



6 Month Chart with Volume

[getscenic] 17/1/2017 17:18

Lol,

Don't tell him your name Pike!!

[galeforce1] 17/1/2017 16:23

Que passa

You sound just like Captain Mainwaring in Dad's Army!

He would have LOVED Brexit!

[galeforce1] 17/1/2017 14:57

Que Passa

Take off those rose-coloured specs mate! The USA couldn't give a monkey's for the UK. Trump is a nationalist. The USA's interests will come firmly first. We will get as little from the USA now as Blair got in the early 2000's. Brown-nosing to US Presidents (particularly this President) just makes the rest of the world despise us. It gets us nothing.

You say we are the 'world's 6th largest economy'. That may still just be true (though hasn't India just overtaken us?) if you measure economies by consumption. That's because we consume far more than we can afford and run a colossal trade deficit.

But measured by exports we come a long way down. We are about 12th largest exporter last time I looked. Well below Italy, for instance.

The idea that we are going to successfully sell our services (insurance, etc) to India and China is just a fantasy. The sensible place to sell services is to open economies of a similar scale - like France and Germany.

If only we could shed our insane 'folies de grandeur' and be realistic about our situation and our future.

Older voters like yourself love the nostalgia side of Brexit - the return to the Commonwealth and all that nonsense. But it is young people who will suffer because of your delusions.

[galeforce1] 17/1/2017 13:47

Que Passa

Dream on! Your bright new dawn is going to bring nothing but poverty to the UK.

Mrs May's speech was in parts patronising to the EU, in others threatening. It will increase antagonism to the UK across Europe. The chances of us getting a free trade deal into the EU for goods and services are close to zero.

James Anderson, ScoMo's manager, sensibly has virtually nil exposure to the UK economy. The reality is that despite considerable efforts the UK sells very little outside the EU and the USA, many because we have nothing to sell. The reason for holding ScoMo is that it offers the chance to invest in 'anywhere but Britain'. That's why it's doing so well.

What a terrible mess Theresa May and Boris Johnson have made of the 'diplomatic' side of Brexit so far. A little more contrition and a little less triumphalism would have worked so much better.