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I don’t drink to my acknowledgement that I was wrong about Diageo!
You should never mind a bit of hindsight from the 0.001% of people who did something a bit bonkers and made a fortune. I guess I should have theoretically invested a couple of thousand quid in bitcoin eight or ten years ago and would now look like a genius. Whilst I am sure there are a few people who have made themselves absolute fortunes this way, I reckon 99% of people who did buy a few bitcoin back then, probably did not make much money (even if they could log into their electronic link successfully). Famously I sold my ASOS (ASC) shares a gazillion years ago after doubling my money, which was not very smart from the perspective of where the shares ended up fifteen years or so later. I am still living and learning 26 years into my actual investment life. And that brings me back to Diageo (DGE) which had its latest numbers last Thursday…
- By Chris Bailey of Financial Orbit
- 2022-01-29 17:24:57