Money Makers

My notes include some random thoughts on topical issues. I have also updated the Money Makers portfolio and will be reporting on their progress (spoiler alert: pretty much as expected). Stuart Watson's profile this week is of Capital Gearing Trust, the absolute return trust well known to followers of mine over the past few years. It is celebrating the 40th anniversary of Peter Spiller's appointment as manager of the trust this month.

Bill Ackman is still learning For an investor whose personal net worth can be measured in hundreds of millions of dollars, it is encouraging to see that he still...