You want problems? Rio Tinto (LSE: RIO) (NYSE: RIO.US) has problems. The iron ore price is falling, and so far what seems like an attempt by it and peer BHP Billiton to drive out less efficient smaller rivals have foundered, as those companies have been able to mine more cheaply due to the lower oil price. And then there’s Glencore waiting to pounce in the wings…
How Will Rio Tinto plc Navigate 2015?
VIDEO: One Fool puts Rio Tinto plc (LON: RIO) under the spotlight…
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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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