Seven lessons I learned from the financial events of 2014
Tesco is one of Britain’s most widely-owned shares as well as one of the most
widely-frequented chains. So the 48pc plunge in its share price during the
year from a starting point of 334p to last week’s 178p was a jolt. Small
investors weren’t the only losers. Legendary stockpicker Warren Buffet said
in early October his large holding in the grocer had been a “huge mistake”.
Some shrewd analysts had seen the writing on the wall. Terry Smith, famously
outspoken fund manager Read more [...]