Edward Chancellor Author of Devil Take the Hindmost: A History of Financial Speculation
(MONEY Magazine) – STOCKS Bunzl (distributor of packaging material), Iberdrola (Spanish utility), Yalplay (Internet music company), Schering-Plough, Tachihi Enterprise (Japanese real estate manager), Vivendi (French utility) BONDS U.K. government bonds; bonds linked to the U.K. consumer price index MUTUAL FUNDS None INVESTING PHILOSOPHY You should take a big position when you see outstanding value. That said, the U.S. stock market is seriously overvalued. I expect bonds to outperform stocks in both the U.K. and the U.S. over the next five years. |
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