In read all the comments about my post on Delphi. Thanks for all...

In read all the comments about my post on Delphi.
Thanks for all the thoughtful replies.

So a few more ramblings which I hope are relevant and on topic.
And keeps us focused and thinking as we await the “announcements “
..........
Ive followed and been a a student of most of Warren Buffets stuff.

He doesn’t invest in startups anyway.
He wants to see a history of earnings.
So he wouldn’t invest in “penny dreadfuls “
which is what all the listed Silica wannabes are in Australia.......... Including VRX

One of his quotes was along the lines if you want to beat the index
you have to be NOT too diversified.
He did say somewhere I recall.

“Put all your eggs in one basket and WATCH THE BASKET”

By that he did not mean only have one stock.
He meant within ANY category, have the best stock in that category.

And Buffett points out this is also why astute private investors can beat the investment houses.
Unlike the bigger funds, private investors do not have to be too diversified.
He also points out most investors dont achieve this,
and are better off in an index fund.

Where of course the big funds do beat us ordinary private investors in spades every time.
They do have access to companies
for deals not available to us.
And this flows right through the financial/ corporate world from the very largest global companies
to smaller and lesser know companies.

VRX anyone?
..................
Agree.
The Europeans are a long way away.
But a fund, no matter how big it is,
if they want to get into the new category of ”silica sand”
by just doing a scattergun ”spread bet” set and forget
on a few Australian silica penny dreadfuls and calling it a silica portfolio is just plain foolish imo.
As has been pointed out
they’ve been blitzed by all the BS being bandied about.

Better imo to look at them all,
do some due diligence then concentrate on the best in the category.

End of rant!