Registered:
20/05/12
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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

Great article. Thank you. I did subscribe to ADVFN for a couple of years but didn't follow the bulletin boards because I couldn't understand them, so I probably had a lucky escape. As to the state of my investments, unlike most commenting here I am pretty much fully invested in what I believe are good companies, which I believe will still be good companies in…

Hi Ken I couldn't agree more. KR Michael PS my super yacht sales nicely around my hot bath.  :-)

Hi Paul I bet all that keeps you busy but have you parked the book idea or is that due out soon? Thanks. Michael

Paul. I think you are very wrong on the outlook for EU nationals who work here and the impact it will have on UK businesses. - there is already anecdotal and documented evidence of a reduction in the number of EU nationals wanting to move here to work because of a. Uncertainty and b. we as a nation have said you are not welcome here.…

On the subject of books related to Government debt I am just reading Boomerang by Michael Lewis (having re-read The Big Short and watched again the film) and this is also fascinating on the likes of Greece and Iceland. It might have a different perspective to Mr Yanis Varoufakis. Some of the the things that Lewis writes are astounding. For example one IMF inspector asked…



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