100%. Like a dieter weighing themselves 50 times a day - not merely irrelevant but counter productive. I always appreciate updates from people on which shares they own. But I cant believe 1 month performance correlates meaningfully with longer term results. I just ignore that.

An interesting thread on how and why GAW gives away products in a very targeted way to help with marketing.

Nothing makes me less likely to follow someone/more likely to unfollow than a Twitter feed full of retweets. At least add a little commentary or analysis.

Top fund managers don't always have good taste but in this case...

I *do*, however, think McKinsey should be the 5th or 10th book on the topic someone reads. The risk otherwise is just reading loads of books aimed at the novice.

Interesting to ask if anyone at all has got rich this way.

The co-creator of Warhammer and Space Hulk. RIP. thewertzone.blogspot.com/2021/05/rip-ri…

Yes. I don't think one needs to be an accountant/ex-accountant to be a good investor. But one does need to understand accountancy. The alternative - buying shares of businesses without understanding the language of business - is just speculation.

Fully deserved.

The more I invest, the less I find I even look at the P&L statement. The balance sheet and cash flow statements tell me so much more. What do others think?

Rather than look at accounting profits for ROCE and then look at cash conversion I just use: free cash flow / (LT liabilities + equity) x 100 to calculate ROCE in the first place, so even for that I don't look at the P&L. When I do use the P&L it's for DuPont analysis.

This appears to be what has happened, according to this morning's RNS. We shall see what happens now to the share price.

EV/FCF not including interest payments

Games Workshop Investor we can say with a high degree of certainty that an article like that is written by a robot that looks at some data points and creates the same article for each stock.... I rather not even read them and have blocked dozens of accounts that just spam internet with them.

GAW 2021 results and this is very much what has happened in terms of OP and FCF.