By Tom Winnifrith, the Sheriff of AIM | Tuesday 28 September 2021
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Running an investment company should cost peanuts, especially when its portfolio is tiny. Yet with a portfolio now worth just over£1 million, the Colin Bird run Tiger Royalties has just ‘fessed that in the first half of 2021 its running costs were £148,204. If you are spunking £300,000 a year running a portfolio of c£1 million then even Warren Buffett (23% a year) would eventually go bust. And Colin Bird is no Warren Buffett.
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