
Richard Oldfield on Value Investing, Warren Buffet and Elon Musk
Macro Hive Conversations With Bilal Hafeez
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What Was Your First Investment?
I was nerdily interested in investment from a very early age. My first investment was in something called Britannia Aru. It was the healthy rump of the Slater Walker Empire. And I remember thinking, well, it could go to 18p or the worst that could happen isit could go to nothing. So as he said, I had this kind of instinctive attraction to things which look very cheap, very dangerous,. But anyway, and in that specific case, you said that you could going to 18p was an 18p based on an analysis of the balance sheet or valuations of some kind. That's an incredibly flattering suggestion. Absolutely. The only thing I did know was
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