Just What The Doctor Ordered

Madeline Wright

Early on in Lindsell Train's history Nick and Michael looked seriously at investing in leading pharmaceutical companies, but came to the conclusion at that time they were materially overvalued.

Confounding Compounding

James Bullock

All long-term investors need optimism, even to achieve their most basic aim, to preserve and grow the real value of their assets.

The Growing Appetite for Brands

Madeline Wright

Lindsell Train has never invested directly in emerging market listed companies, but nevertheless accessing emerging markets is an important part of our strategy.

Success Breeds Complacency

Nick Train

"Success breeds complacency. Complacency breeds failure. Only the paranoid survive." Andy Grove

Who Wants to be a Billionaire?

Nick Train

What are we to make of the Forbes Billionaires List? This is the magazine’s guide to the, currently, 1810 billionaires of the world – average personal net worth of $3.6bn. The list, which updates in real time, puts us face-to-face with these worthies.

Re-evaluating Valuations: Exceptional Companies Deserve Exceptional Multiples

James Bullock

Those familiar with Lindsell Train's approach will recognise a key tenet of our philosophy; that other investors undervalue the best companies.

Impending Global Profit Boom

Nick Train

According to the Bloomberg M&A tracker 2015 was the biggest year ever for global deal-making.

Lynch Law

Nick Train

I was filing some old papers over the weekend and came across a forgotten treasure: a set of bullet-points jotted down by an anonymous attendee of a speech called “Common Sense Investing”, given by Fidelity’s great Peter Lynch almost exactly 25 years ago, in May 1990 – to the Greater Boston Chamber of Commerce.

Evaluating Valuations

James Bullock

Other investors persistently underestimate quality, resulting in unduly low market valuations for the very best companies.

Why GDP Doesn't Adequately Measure Prosperity

Michael Lindsell

Last December, following the announcement early in the month of the Japanese GDP statistics for quarter ending September, the market promptly fell in response by 3% in a day.

Retail Therapy

Madeline Wright

The way we shop is changing. The advent of the internet has had an undeniable impact on global retail, with digital and community spaces increasingly interacting with traditional and new shopping channels.

Size Doesn't Matter (Very Much)

Nick Train

The biggest company by London-listed market value in our UK equity portfolios is Diageo, with a current capitalisation of £46bn.