Registered:
20/05/12
Seen:
Wed 11:54pm
Followers:
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Comments
459

Real Name: Michael Broom Smith

Occupation: Company Director, Private Investor

Interests: Stocks, US Market

Location: Herefordshire

Twitter: mbroomsmith

About Me:

I have been running my ski holiday business (Purple Ski) for 25 years and started with £3.57 in the bank, which for me shows that a buy and hold philosophy can work! I split my time between Meribel and Herefordshire.


Investment Strategy
I trade... monthly
I tend to buy... after much research
I hold for... years
I invest with... <£500k
Diversification is ... important, but not beyond 10 positions

Still learning and have been reading voraciously for the past two or three years to educate myself but still feel I have a long way to go. However I am a definite fan of Warren Buffet and think that his philosophy is the right one but have recently become enthusiatic about Slater's Zulu principle.

Diversification is important but not beyond 15 to 20 positions


Website

High end luxury ski chalet business in Meribel

Web Address: http://www.purpleski.com

Tel: 01885 488799

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Purpleski's Latest Blogs

I would be interested to hear people's views on Boohoo's LTIP and directors remuneration in general. I have not fully studied the remuneration report but hope to do so before voting on the accounts. I also see that the CFO has no "skin in the game". As far as I can see options are granted, received and cashed. I would also be interested to hear…

deleted original comment by poster as was or is now erroneous.

Does anybody know who are the major customers of Finsbury Food (LON:FIF) ? Specifically how reliant they are on the major supermarkets? Thanks. I am long Finsbury Food (LON:FIF) and currently up 13%



Purpleski's Latest Comments

Hi Paul Thanks for a great column. Good luck with the giving up coffee, just watch out for the headaches! I think I would struggle with giving up coffee, but went plant based (apart from the odd egg) about 6 years ago and have pretty much given up alcohol (I think something like 60% of ceo's of s&up 500 are teetotal) and it works for…

Thanks John. I don't think that is for me but if you have found it works for you..... Kind regards Michael

Hi aflash Completely agree that, to use your phrase "we all get splashed in a crash" but surely the question is whether one thinks one can time the market and be invested when the market rises, out just before it crashes and then (have the courage to) get back in as it starts to rise. I know I don't and believing that it is best…

Hi Si Thank you and very interesting. I am aware that the proof of the pudding will be in the eating and I must find time to make sure that I am comfortable with all my holdings. I am a great follow of Buffet but like much of what he says he has to be interpreted. Does he mean: - don't invest recklessly? - if…



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