Having shares spread over a number of brokers and accounts makes monitoring a portfolio difficult. This guide teaches you how to use Google Spreadsheets to make a custom built portfolio tracker that will automatically update via the web to give you a live value of a portfolio.
There is a stock I looked at a few years ago that has always stuck in my mind, and that is London based Premier Foods ($PFD.L). To me it is the perfect simple example of how even a great business can be destroyed by leverage. Before the crisis it was a company that had so much going for it, a producer of many reputable food brands in the UK with a moat worthy of giants like Pepsi. But in 2006 the management and board made a catastrophic decision. They engaged in the leveraged buyout of two competitors, which resulted in Premier becoming the largest food supplier in the UK. This was supposed to be a transformational point in the history of the company, and it certainly was….for all the wrong reasons. Premier is a story of what happens when a company has everything going for it, but is sunk by too much leverage and bad management.
I’m sure by now most have heard that Buffett’s latest letter to shareholders has been released. If you haven’t read it, you have probably already read articles on it. So I wanted to post here some quotes from which I drew some subtle implications that others may not have picked up on when reading.
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