The UK prime minister says he sees red lights blinking on the global economic dashboard, and he fears a slump on the scale of 2008 and 2009. What would “David Cameron, share trader” do in response to his insights? Owain Bennallack believes he’d sell any holdings of Rio Tinto (LSE: RIO) (NYSE: RIO.US) and BHP Billiton (LSE: BLT) (NYSE: BBL.US) — watch the video below to find out why…
Why David Cameron Would Sell BHP Billiton plc And Rio Tinto plc
VIDEO: One Fool takes a closer look at Rio Tinto plc (LON:RIO) and BHP Billiton plc (LON:BLT).
Posted by
Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.
