After holding up fairly well in 2014, the copper price has recently slid down like most other base metals before it, and that’s bad news for Glencore (LSE: GLEN). Much of its profit is derived from copper for starters, but there’s a double-whammy in that a consequently depressed share price will limit any ambitions Glencore has to bid for Rio Tinto…
How Will Glencore PLC Navigate 2015?
VIDEO: One Fool takes a closer look at Glencore PLC (LON:GLEN)…
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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!
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