Internet Business Group 2006

I found this reply from Giles Hargreave rather amusing (in a good sense).

https://www.hargreaveslansdown.co.uk/siteredesign/fund_facts/ff_glance.asp?fund_id=2925
(click on Click here for more - HL Research, Fund, Sector & Group Comment)

How would you describe your approach to investing then?

Well, we have a very simple approach. We like to try and buy shares that go up, and we like to try and avoid shares that go down. Now that may sound incredibly simplistic, but to give you an idea, my perfect share is one which has the potential to go up several times and has a risk to go down very, very small amount. And a year ago it was possible to buy shares like that, for instance, where most of the market cap was covered by cash and they had an emerging business which if it became successful then you`d get a value for the business, whereas previously there was no value and it was just cash. And that to me is a perfect share to buy, because buying shares which have a lot of risk in them and have a lot of potential to go down as well as to go up I find quite a stressful business, and to be avoided if at all possible.

31/10/2005