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In for a Penny: A Business Adventure by Peter Hargreaves

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Chapter 11: Making Sense of Investment

Investment Success and Wealth

After almost 30 years in the investment industry, and having been interested in money since I was 11-years-old, people naturally assume that I am some kind of expert on the stock market. However, while I have extensive experience in investment planning and know almost every kind of investment product around, I don't regard myself as an expert on individual stocks and shares. What I do know about is the way that the industry works. That knowledge is one reason why I invest the majority of my own money in collective investment products (specifically unit trusts) and use my knowledge of the industry to select the professionals who I believe will make the most of my investments. ...

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