iBall interviews Robbie Burns
January 11th, 2008Don’t worry, we haven’t summoned the spirit of the rutting Scottish poet. But we have got some sweet, sweet lines of investing poetry for you.
The original Robbie Burns spent quite a lot of time by all accounts with his clothes off, but our Robbie Burns just calls himself the Naked Trader.
Indeed, the full-time trader’s best-selling book The Naked Trader is into its second edition, so we caught up with him in his plush riverside pad - the proceeds of his trading. Thankfully he was fully clothed.
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Category: iBall
The old cliché has it that as far as the stockmarket is concerned one should go away in May and come back again on St Leger Day. What? And miss out on all the fun? Reeling retailers. Broken banks. Crunching credit. There’s so much more than mere capital accumulation, yield and dividend. Not only are there bargains out there but also more than the odd laugh. Click on the portfolio to see how our writers have got on against the market.
January 11th, 2008 at 10:34 am
Love these interviews. Particularly agree with what he says about debt. Not so sure about stop losses. By the look of the coffee republic chart that flashed up he’d have been back in the money had he held on and not cut and run. Also what if the Dragon Oil guy had cut his losses when it fell 50%? He’d have missed out on gazillions
If you’ve changed your view on the company, sell. But don’t sell just because the price has gone down. That’s my view.
January 12th, 2008 at 4:44 pm
Great interview. Inspiring background story.
I love Robbie’s 2 books as they taught me how to trade - and make a profit. A few years ago, I too had bought shares in a company and topped up on the way down, losing 99 percent of the value. Robbie showed me how I had made all the classic mistakes, and how to make good choices and hence profits. Recently I sold a share at 10 percent stop-loss before it fell further, and rescued the money to invest in another share that’s going up.
Keep up the good work with the interviews.