The Treasury has finally begun to sell down the taxpayer’s huge stake in bailed-out bank Royal Bank of Scotland (LSE: RBS), raising £2 billion from its initial sale of 600 million shares — representing about a 5% stake in the bank. That seems a good start, until you remember we taxpayers paid 502p a share back in 2009…
Why The Royal Bank of Scotland Group plc Shares Sale Aren’t The Bad Deal You Think
VIDEO: One Fool puts Royal Bank of Scotland Group plc (LON:RBS) 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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