James Delingpole admits to ‘utter crapness’ as an investor in the past, but thinks he now has a winning strategy
It has been over a year since I checked my share portfolio but when I did the other day I had the most pleasant surprise. Apparently, despite understanding next to nothing about the workings of the stock market, I had managed to net myself a cool £3,000 profit.
‘Warren Buffett eat your heart out,’ I thought — at least for the few seconds it took me to work out what had really happened. This wasn’t my real portfolio at all. It was my paper (or, more accurately, ‘screen’) portfolio, based not on any physical holding but on the information I typed into iii.co.uk about two years ago when I bought a few shares in a company called Tullow Oil.
Tullow, ah, Tullow. The best investment I ever made. The only good investment I ever made.
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