Save The Data!

Michael Lindsell

A question that we have been asking ourselves recently is: how valuable is the data that our portfolio companies amass and have available at their disposal in the general course of what they do?

A Little Of What You Fancy

Madeline Wright

As holders of Diageo and Brown-Forman, we believe that premium spirits (broadly defined by the drinks industry as litre bottles retailing at over $15) hold a uniquely valuable place in the global spirits market.

Men More Frequently Require to be Reminded Than Taught

Nick Train

Dr Samuel Johnson is a great hero of mine and this report is inspired by one of his many memorable flashes of wisdom.

Kings of Content

James Bullock

Several of the companies in our portfolios own and create unique intellectual property, be it in TV and movies (Disney and WWE), video games (Nintendo) or sports (Juventus, Celtic and International Speedway).

Aristocratic Dividends

James Bullock

Dividends are a crucial component of any long term equity strategy and, simply put, might be the only tangible return earned by the permanent owner of an equity asset.

A New Nifty Fifty? Bring It On!

Nick Train

I hope Crispin Odey – one of the real heroes of the active investment community – won’t object if I begin this discussion with a typically stimulating idea I heard attributed to him recently.

What Goes Up Must Come Down: Must It Not?

Nick Train

I’ve just read Howard Marks’ book – “The Most Important Thing: Uncommon Sense for the Thoughtful Investor”. Marks is chairman and co-founder of Oaktree Capital, a recently-listed $6bn market cap US investment management company.

Indian Takeaway

Michael Lindsell

I have recently been on holiday to India - in Rajistan visiting forts, temples, villages and crowded cities but in the process learned a lot more about the country. My interest was more than idle curiosity for it posed two important investment questions, both pertinent to our global portfolio.

Something for Nothing?

James Bullock

I recently returned from a revealing trip to San Francisco, home to Morgan Stanley’s annual TMT conference and presentations from 200 of America’s top technology companies.

Surprises In 2011

Nick Train

‘Tis that season of year – a flood of New Year predictions from strategists and talking heads, as traditional as Christmas cracker mottoes and about as memorable.

Seven Pillars of Wisdom

Nick Train

A friend asked my advice about his financial affairs, having recently come into a pot of capital. My first thought – which indeed I acted on - was to direct him toward the capable hands of any of Lindsell Train’s valued counterparties in the Private Wealth Management industry.

More Observations on Japan

Michael Lindsell

Following a recent visit we introduce, reiterate and reinforce some views on Japan three months on from the earthquake.