If you listen to the rhetoric of new Labour leader Jeremy Corbyn, it’s easy to dream up doomsday scenarios for UK stocks. As for his new shadow chancellor, John McDonnell lists his hobby as the overthrow of global capitalism! So why didn’t the FTSE 100 seem to react to Corbyn’s promotion?
Will Jeremy Corbyn Crash The FTSE 100?
VIDEO: One Fool takes a closer look at the FTSE 100 (INDEXFTSE:UKX).
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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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