As you know I am a big supporter of managing your investments yourself. The most important reason is that only you truly have your own interests at heart. This is unlikely in the money management industry where the interests of investors, in most cased, come a distant last. You can [...]
22 October 2009
Dear Fellow Investor
I have been an admirer of Ian Rushbrook, manager and largest investor in the Personal Asset Trust, ever since I read about him in Jonathan Davis's book Money Makers - Stock Market Secrets of Britain's Top Professional Investment Managers.
Ian unfortunately passed away last year in October, a sad loss to the investment world. Shortly thereafter I stopped following the activities of the Personal Asset Trust also cancelling my subscription to their quarterly newsletter.
Earlier this month I came across a insightful blog post by Jonathan Davis, the author of the above book, where he wrote a questions and answer article with the new manager of the Personal Asset Trust. Even thought the interview took place at the end of July, the advice is still timely.
Jonathan graciously agreed for me to use the interview in the guest post below.
Thanks to John Bethel in his Controlled Greed blog for pointing me to this interview with Tim McElvaine (pdf). Tim McElvaine made a name for himself in value investing circles by being Peter Cundill's, a well known Canadian value investor's, top associate for a number of years. Tim set up [...]