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Walter World

Walter
World

Sharemarket Theory for
Sailors ©

My
Dear Chap,

A
lot of chaps are struggling ever since Upton-Smyth paid Lagonda’s Child’s
fuel bill after the sojourn Med-side for the Thames 24 Europeans without
first telling the World Bank. The Pimms account coming in the same week
broke the camel’s back and world equities have been in a tizz ever since.

Now
given that owning a sailboat is about as financially reckless as one can
get, it follows that sailors, though curiously wealthy are financial nincompoops
under the surface. It is therefore in the interests of the sport’s survival
that I contribute some wisdom on the topic of portfolio theory in parlance
easy for sailors to understand: –