Gary Channon (Phoenix Asset Management) - Experiments In Value Investing
Far From The Finishing Post
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I Don't Want to Be a Derivative Guy
I was conscious ih as having like two worlds, and i didn't want to be drawn into this separate world. So when i got the buffet thing, i got the whole thing, hook line, an sinker. I wanted to do barshe aty. And by hole businesses. Well, i thought, if i kicked off phoenix like that, nobody 's going to bat me. They alway thought it was a bit strain being a derivative guy with a hundred times gearing to be this long only boring fund. But i then used my money performance fees we generated to buy businesses, to be involved in businesses. After seven years, where we changed the prospectus of the
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