On Buffett's coat-tails

Article Abstract:

It is easier to read the works of Warren Buffett directly, paying nothing, using the Berkshire Hathaway website, than to read books on his philosophy. Robert Hagstrom has written a second work on Buffett, entitled 'The Warren Buffett Portfolio', which argues that investors should hold between 10 and 30 stocks over a long period. The appendix provides data on stock price performance showing that it is only linked to earnings over a ten year period, and only some 33% of a stock price relates to earnings over a three year period. Most investors prefer a shorter-term approach to portfolio management than does Warren Buffett.

Berkshire Hathaway Inc., BKHT, Buffett, Warren E.

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Wonderstocks that pull through

Article Abstract:

There are a number of British stocks that have performed well due to the companies' hard work and good strategies. Airtours is one such company, which has competed strongly in its industry. Meanwhile, Perpetual has launched a number of unit trusts and increased funds under management to 12 billion pounds sterling from 700 million pounds in 1987. The company's stock price has risen from 1.8 pound sterling in 1987 to 45 pounds in Jun 1999. Ashtead is a plant hire company that has also performed well.

Travel Agents, Travel Agencies, Cover Story, Tour operators, Airtours PLC, Perpetual PLC

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Chains on strategy

Article Abstract:

The significance of fund managers' strategy meetings is examined, with concern that there could be too much of a trend toward consensus.

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