The big mining giants Rio Tinto (LSE: RIO) and BHP Billiton (LSE: BLT) were amongst the best stocks to own in 2016, and the companies’ shares have put in a spectacular performance over the past 12 months. But can lightning strike the same spot twice?
Can the price of Rio Tinto plc & BHP Billiton plc double again?
VIDEO: One Fool ponders the near-term future of Rio Tinto plc (LON:RIO) and BHP Billion plc (LON:BLT)
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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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