With the start of the new year, it is good to take stock of the changes made to my investment strategies in 2014 and the likely changes coming in 2015. Looking at the list of changes below, it is amazing that I still have so much to learn despite being an investor for so many years. Here is the list of changes in 2014.
Turnarounds
I seldom invest in companies that are making losses. Most of the time, if they are loss-making, it is because the business conditions turned sour after I had invested in them. However, turnaround companies have been one of the sources of multi-baggers for me. You may wish to read How to Get a Multi-Bagger? for more info. Based on this knowledge, I started to purposely invest (or more correctly, speculate) in loss-making companies. The amount of money invested is relatively small and is mentally written ...
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