The shock progress made by anti-austerity party Podemos in the recent local elections in Spain could bode badly for big Spanish banks like Santander (LSE: BNC). The talk of halting evictions and the like is just a sideshow for these global behemoths, but the prospect of Podemos winning control nationally is a very real concern…
Will The Spanish Elections Derail Banco Santander SA’s Recovery?
VIDEO: One Fool takes a closer look at Banco SAntander SA (LON:BNC).
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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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