Scottish Mortgage Invest... Share Discussion Threads

[pander45] 12/8/2019 22:26

Excellent post. 100% agree.

[quepassa] 12/8/2019 11:04

FOR TORRANCE.

I know just how much you love discussing POLITICS on the SCOMO bulletin board.

So just for you.....

DO NOT FORGET TO GET YOUR TICKET TO SEE NIGEL FARAGE, LEADER OF THE BREXIT PARTY, AT ONE OF MANY NATIONWIDE BREXIT PARTY TALK EVENTS IN SEPTEMBER, INCLUDING APPEARING AT THE EMMANUEL CENTRE IN WESTMINSTER ON FRIDAY 27th.

UNMISSABLE.


AS AN ASIDE, I DO GET THE DISTINCT IMPRESSION THAT BORIS JOHNSON IS AN AVID READER OF THE BREXIT PARTY's PUBLICATION, THE BREXITEER, JUDGING BY A MORE THAN PASSING SIMILARITY TO THE CONSERVATIVE PARTY'S POLICIES AND SPENDING PLANS.

JOHNSON HAS SOMEWHAT STOLEN FARAGE'S THUNDER AND FARAGE NOW NEEDS TO STEAL IT BACK.

BOTH ARE EXCELLENT POLITICIANS AND A MUCH NEEDED BREATH OF FRESH AIR ON THE UK POLITICAL SCENE.

IF ANYONE WANTS A TRUE INSIGHT INTO THE UK's OUTSTANDING NEW PRIME MINISTER, READ HIS EXCELLENT 2014 BOOK, THE CHURCHILL FACTOR, WHICH THE PUBLISHERS SHOULD PUT URGENTLY BACK INTO THE SHOPS.

APPLYING CHURCHILL'S WW2 MILITARY TACTICS TO MODERN DAY POLITICS IS A MASTERSTROKE.

.....GET THE USA INVOLVED, OPEN THE BATTLE LINES ON MULTIPLE FRONTS SIMULTANEOUSLY AND KEEP ON ATTACKING THE SOFT UNDER-BELLY....


Oh and bye-the-bye, after all that the UK did to help and liberate Europe during the Second World War, you would think Europe would want to RESPECT, help , assist and ease the passage for the UK's decision to leave the EEC after a DEMOCRATIC vote, rather than be as obstructive as possible.

Watching the disgraceful way the EEC is treating the UK is exactly why the UK needs to leave urgently and reassert its own independence again.

Roll on 31st. October. A happy day.


ALL IMO. DYOR.
QP

[rambutan2] 17/7/2019 01:55

Interesting unquoted added:

[spangle93] 08/7/2019 16:53

Quote: Scottish Mortgage (LSE:SMT) has been the most-bought trust on inter active investor every month since February 2014. Only once, in April 2015, it was briefly toppled by Woodford Patient Capital during its (at the time) record-breaking £800 million launch.

The global equity trust has delivered a three-year return of 101% and 7.4% in June alone.

[dragonsteeth] 27/6/2019 20:52

Right. So you joined today and just happened to make 100 or so similar posts. There was somebody else doing the same the other week, presumably you, hope they’re paying you enough.

[quepassa] 27/6/2019 19:52

you have posted this very same message on at least 100 bulletin boards today.

isn't that enough?

[quepassa] 14/6/2019 13:34

Interesting recent contribution/commentary/observations by Anderson on Professor Hendrik Bessembinder and his work.

ALL IMO. DYOR.
QP

[quepassa] 14/6/2019 13:10

If Boris gets to be PM as looks highly likely at this juncture ( and I sincerely hope he does), there will of course be an immediate cabinet reshuffle. The bookies think it's a slam-dunk that Boris will win and are offering 1-5, with Hunt at 8-1 and Gove 16-1. - Rory Stewart, a future Tory rising star, is at 14-1.

If Boris wins, it seems to me that Philip Hammond may be on a very, very sticky wicket. Although he's done a good job with the UK economy and employment levels are doing extremely well, Hammond's stance on Brexit looks distinctly at odds with that of Boris and Boris would rightly and wisely want his own man (or woman??) as his new neighbour in number 11.

There is seemingly not much love lost between Boris and Gove after Gove openly stabbed him in the back when Boris was last time pitching for the job of PM.


Equally as interesting as speculating whether Boris will be PM, for those involved in the financial markets, it may be just as interesting to speculate who may or may not be the new ChanEx in the likely scenario that Boris gets to be king pin.

ALL IMO. DYOR.
QP

[2torrance] 14/6/2019 12:54

Quepasa I note Farage seems to have disappeared from your posts, just as he has disappeared, like he usually does, from public gaze. Polls now put his party third and his glory days are fading as they always do. As to Hammond, the only calculations. Boris will make is if he is more dangerous out than in. Hammond is not acting like he wants a job unlike the fawning second-raters of the ERG. He will be very dangerous to Boris out, especially if he teams with Rory Stewart, the star of the elections.

But what has this got to do with Scottish Mortgage?They may not suffer as much as some from a Bojo unicorn no deal Brexit but it will not help.I suggest, when
posting here, you concentrate on the topic. Why on earth should anyone otherwise care about your wholly ordinary Brexiter views. Save them for the DT.

[quepassa] 14/6/2019 09:46

If Boris gets to be PM as looks highly likely at this juncture ( and I sincerely hope he does), there will of course be an immediate cabinet reshuffle. The bookies think it's a slam-dunk that Boris will win and are offering 1-5, with Hunt at 8-1 and Gove 16-1. - Rory Stewart, a future Tory rising star, is at 14-1.

If Boris wins, it seems to me that Philip Hammond may be on a very, very sticky wicket. Although he's done a good job with the UK economy and employment levels are doing extremely well, Hammond's stance on Brexit looks distinctly at odds with that of Boris and Boris would rightly and wisely want his own man (or woman??) as his new neighbour in number 11.

There is seemingly not much love lost between Boris and Gove after Gove openly stabbed him in the back when Boris was last time pitching for the job of PM.


Equally as interesting as speculating whether Boris will be PM, for those involved in the financial markets, it may be just as interesting to speculate who may or may not be the new ChanEx in the likely scenario that Boris gets to be king pin.

ALL IMO. DYOR.
QP

[quepassa] 05/6/2019 21:14

Zillow up almost 50% since beginning of May

[2torrance] 28/5/2019 13:23

QuePasa I see no post by you predicting anything on 13th April here, Just a reference to a Farage speech. Farage did not of course do as well as polls predicted, which may explain why he lost his rag a few times n TV yesterday, He was even out polled by Lib Dems and Greens!

But what has this got to do with SMT anyway?

[quepassa] 28/5/2019 07:13

691 refers. And as predicted by me six weeks ago on 13th. April.


Do not rule out the possibility of Farage eventually becoming the UK Prime Minister.

This is currently where the bookies are giving odds on Farage:-


2-1 Farage to be PM by 1/1/2025
5-2 Farage to become an MP in 2019
16-1 Farage to become PM in 2019 ( from 25-1).


ALL IMO. DYOR.
QP

[topvest] 26/5/2019 20:14

Interesting fact at the end of December 2018:

"As of 31 December 2018, global value stocks traded at a 60% price-to-book discount to growth stocks. This discount level falls within the highest (or cheapest) quintile observed since 1974."

[topvest] 25/5/2019 21:13

Well I have a small stake left which i will keep. As a value investor I sold on the way up and too early really. Still done very nicely in 10 years though.

I always like reading the Scottish Mortgage annual report and, in particular, James Anderson's investment report. He is a very capable manager and is excellent on spotting emerging themes and thinking.

However, I'm quite alarmed by his "This time is different" message on growth investing over value investing and the rise of network companies. He doesn't use these precise words, but he is saying that value investing doesn't work anymore because value companies die. Hmmm. Does this mark that we are getting close to the top of the disrupter bubble?

Buying Amazon on a P/E of 58, Netflix on a P/E of 81, Tesla on a P/E of 122, could well unfold quite badly. This time is not different. Before my time, but the Nifty Fifty stocks lost 80-90% when the bubble burst.

I know that I've warned on this for many years and Scottish Mortgage just goes from strength to strength....but one day its going to lead the losers.

[noslien] 23/5/2019 12:46

Tail Risk - Yes, a good article, thanks for highlighting it.

Rather confirms my own instinctive view. I sold out of SMT a few weeks ago. I am not sure if I hope to buy back in at a lower price or not. I am reflecting on the idea that what will be good in the market is changing, and quite fast and I should eventually reinvest my cash balances ( abt 25% right now) elsewhere. SMT has had a good run but 'winning' strategies don't always last. I will keep watching, reading and taking my time before doing anything.

[quepassa] 23/5/2019 09:31

The Column headed Tail Risk in today's FT (p.13) by Laurence Fletcher is well worth reading.

An excellent article.

[quepassa] 22/5/2019 08:37

no-one is blaming him for anything.

As I said the TRUST is at a difficult juncture.

Rather than just commenting on my posts, can you kindly proffer your opinion.

[caradog] 22/5/2019 08:16

You may be right, QP, but Anderson can hardly be blamed for not knowing what Trump will do next, when not even Trump knows.

[quepassa] 21/5/2019 15:02

Normally enjoy and have high regard for Anderson and his writings.

However, his recent expansive May musings in Resolute Optimism are not of his usual calibre in my view and are somewhat wordy and boring. Using revered Benjamin Graham as a yardstick by which to measure modern day tech companies is bizarre to say the least, if not entirely misjudged.

In terms of ScoMo, the Trust is at a particularly difficult juncture in my view. Not only has Tesla taken a beating (and will continue to do so) but the Trump-China trade tariff tiffs are taking a very heavy toll on all Chinese Tech stocks.

ALL IMO. DYOR.
QP