Sometimes the market is wrong

In January, Indian Premier League franchise Rajasthan Royals paid the equivalent of £1.2m for the services of bowler Jaydev Unadkat (in blue above); he is a great player, but statistically, Benny Howell of Gloucestershire (yellow, above) is the better player, but he was not involved in the IPL auction. The market values Jaydev more than Benny; sometimes the market is wrong.

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doug brodie
Things go better with Coke

In 1988 Warren Buffett invested $592,540,000 in Coca Cola quickly topped up to $1.02bn. Without unpicking Berkshire Hathaway’s accounts, the average price he paid, after adjusting for the numerous stock splits, was around $2.50 per share.

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doug brodie
One step forward, and one step back

Every Christmas, you add to the mountain of junk in your children’s bedrooms. Whether the kids are young enough to clamour for overpriced cartoon tie-in plastic, or old enough to consider £50 a small price to pay for the latest – only slightly different – version of a computer game, it’s unlikely to strike you as a brilliant way to spend your money.

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doug brodie
Big Trains

It really is different this time, because just like all the other times, it’s the innovators who run world businesses.

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doug brodie