“Christmas at my house is always at least six or seven times more pleasant than anywhere else. We start drinking early. And while everyone else is seeing only one Santa Claus, we’ll be seeing six or seven.”
Get your Free
financial review
On the first day of Christmas my broker sold to me
A share that no-one wants to see.
On the second day of Christmas my broker sold to me
Two Lehman Brothers
And an Enron that filed for bankruptcy.
On the third day of Christmas my broker sold to me
Three French bonds
Two Lehman Brothers
And a share worth less than a Christmas tree.
On the fourth day of Christmas my broker sold to me
Four appalling turds
Three French bonds
Two Lehman Brothers
And a Blockbuster card – and late fee.
On the fifth day of Christmas my broker sold to me
Five gold rings !
Four appalling turds
Three French bonds
Two Debenhams gift cards
And a WeWork that fell ninety-nine point three.
On the sixth day of Christmas my broker sold to me
Six Wirecard fraudsters
Five gold rings !
Four appalling turds
Three French bonds
Two Debenhams gift cards
And a Theranos laboratory.
On the seventh day of Christmas my broker sold to me
Seven cons a-skimming
Six Wirecard fraudsters
Five gold rings !
Four appalling turds
Three French bonds
Two total dogs
And Keir Starmer’s popularity.
On the eighth day of Christmas my broker sold to me
Eight bankers bilking
Seven cons a-skimming
Six Wirecard fraudsters
Five gold rings !
Four appalling turds
Three French bonds
Two total dogs
And a defunct LloydsPharmacy.
On the ninth day of Christmas my broker sold to me
Nine Madoffs dancing
Eight bankers bilking
Seven cons a-skimming
Six Visa payments
Five gold rings !
Four appalling turds
Three French bonds
Two total dogs
And a stolen 18-carat lavatory.
On the tenth day of Christmas my broker sold to me
Ten board rooms weeping
Nine Madoffs dancing
Eight bankers bilking
Seven cons a-skimming
Six Visa payments
Five gold rings !
Four appalling turds
Three French bonds
Two total dogs
And a defunct CBDC.
On the eleventh day of Christmas my broker sold to me
Eleven voters griping
Ten board rooms weeping
Nine Madoffs dancing
Eight bankers bilking
Seven cons a-skimming
Six Visa payments
Five gold rings !
Four appalling turds
Three French bonds
Two total dogs
And a grotesque crypto selling spree.
On the twelfth day of Christmas my broker sold to me
Twelve dumb-ass sh1tcoins
Eleven voters griping
Ten board rooms weeping
Nine Madoffs dancing
Eight bankers bilking
Seven cons a-skimming
Six Visa payments
Five gold rings !
Four appalling turds
Three French bonds
Two total dogs
And a last-minute plea for clemency.
Another (parental advisory) take on the twelve days of Christmas can be heard here.
The commentary will now be starting its winter break and will be back in January.
We wish all our readers a Merry Christmas and a happy, peaceful and prosperous New Year.
………….
As you may know, we also manage bespoke investment portfolios for private clients internationally. We would be delighted to help you too. Because of the current heightened market volatility we are offering a completely free financial review, with no strings attached, to see if our value-oriented approach might benefit your portfolio – with no obligation at all:
Get your Free
financial review
…………
Tim Price is co-manager of the VT Price Value Portfolio and author of ‘Investing through the Looking Glass: a rational guide to irrational financial markets’. You can access a full archive of these weekly investment commentaries here. You can listen to our regular ‘State of the Markets’ podcasts, with Paul Rodriguez of ThinkTrading.com, here. Email us: info@pricevaluepartners.com.
Price Value Partners manage investment portfolios for private clients. We also manage the VT Price Value Portfolio, an unconstrained global fund investing in Benjamin Graham-style value stocks and real assets, and also in systematic trend-following funds.
“Christmas at my house is always at least six or seven times more pleasant than anywhere else. We start drinking early. And while everyone else is seeing only one Santa Claus, we’ll be seeing six or seven.”
Get your Free
financial review
On the first day of Christmas my broker sold to me
A share that no-one wants to see.
On the second day of Christmas my broker sold to me
Two Lehman Brothers
And an Enron that filed for bankruptcy.
On the third day of Christmas my broker sold to me
Three French bonds
Two Lehman Brothers
And a share worth less than a Christmas tree.
On the fourth day of Christmas my broker sold to me
Four appalling turds
Three French bonds
Two Lehman Brothers
And a Blockbuster card – and late fee.
On the fifth day of Christmas my broker sold to me
Five gold rings !
Four appalling turds
Three French bonds
Two Debenhams gift cards
And a WeWork that fell ninety-nine point three.
On the sixth day of Christmas my broker sold to me
Six Wirecard fraudsters
Five gold rings !
Four appalling turds
Three French bonds
Two Debenhams gift cards
And a Theranos laboratory.
On the seventh day of Christmas my broker sold to me
Seven cons a-skimming
Six Wirecard fraudsters
Five gold rings !
Four appalling turds
Three French bonds
Two total dogs
And Keir Starmer’s popularity.
On the eighth day of Christmas my broker sold to me
Eight bankers bilking
Seven cons a-skimming
Six Wirecard fraudsters
Five gold rings !
Four appalling turds
Three French bonds
Two total dogs
And a defunct LloydsPharmacy.
On the ninth day of Christmas my broker sold to me
Nine Madoffs dancing
Eight bankers bilking
Seven cons a-skimming
Six Visa payments
Five gold rings !
Four appalling turds
Three French bonds
Two total dogs
And a stolen 18-carat lavatory.
On the tenth day of Christmas my broker sold to me
Ten board rooms weeping
Nine Madoffs dancing
Eight bankers bilking
Seven cons a-skimming
Six Visa payments
Five gold rings !
Four appalling turds
Three French bonds
Two total dogs
And a defunct CBDC.
On the eleventh day of Christmas my broker sold to me
Eleven voters griping
Ten board rooms weeping
Nine Madoffs dancing
Eight bankers bilking
Seven cons a-skimming
Six Visa payments
Five gold rings !
Four appalling turds
Three French bonds
Two total dogs
And a grotesque crypto selling spree.
On the twelfth day of Christmas my broker sold to me
Twelve dumb-ass sh1tcoins
Eleven voters griping
Ten board rooms weeping
Nine Madoffs dancing
Eight bankers bilking
Seven cons a-skimming
Six Visa payments
Five gold rings !
Four appalling turds
Three French bonds
Two total dogs
And a last-minute plea for clemency.
Another (parental advisory) take on the twelve days of Christmas can be heard here.
The commentary will now be starting its winter break and will be back in January.
We wish all our readers a Merry Christmas and a happy, peaceful and prosperous New Year.
………….
As you may know, we also manage bespoke investment portfolios for private clients internationally. We would be delighted to help you too. Because of the current heightened market volatility we are offering a completely free financial review, with no strings attached, to see if our value-oriented approach might benefit your portfolio – with no obligation at all:
Get your Free
financial review
…………
Tim Price is co-manager of the VT Price Value Portfolio and author of ‘Investing through the Looking Glass: a rational guide to irrational financial markets’. You can access a full archive of these weekly investment commentaries here. You can listen to our regular ‘State of the Markets’ podcasts, with Paul Rodriguez of ThinkTrading.com, here. Email us: info@pricevaluepartners.com.
Price Value Partners manage investment portfolios for private clients. We also manage the VT Price Value Portfolio, an unconstrained global fund investing in Benjamin Graham-style value stocks and real assets, and also in systematic trend-following funds.
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