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I was initially excited about your function (“Investment Master Class: Interview with the Naked Trader, FT.com September 25), as an established stock investor, it’s always exciting to learn from a fellow trader who has managed to beat the market. However, Robbie Burns’ reputation has been diminished in my eyes by his statement that “if stocks start losing more than 5 or 10 percent, I literally just sell”.
It appears that this investor has no real understanding of the value of the businesses in which he invests. A significant negative value swing is something that happens regularly and that can be expected after investing, but if you know the raw value of a business, it should be no cause for concern. Needless to say, I will not be posting on Robbie’s blog or podcasts anytime soon.
Corby, Northamptonshire, United Kingdom