For some reason, many private investors are drawn to faddish ‘story stocks’ like Sirius Minerals (LSE: SXX) whose many vocal fans promote their merits with something closer to religious fervour than sober-minded investment analysis. And that enough is reason to avoid them, says one Fool.
Why Sirius Minerals plc & Quindell plc Are Not Where I’d Hunt For Small-Cap Bargains
VIDEO: One Fool puts the likes of Sirius Minerals plc (LON:SXX) and Quindell plc (LON:QPP) 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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