Boardroom Talk – Israel’s 9/11 moment certain to escalate; Metro Bank – lesson learnt
By Alec Hogg
In the investing world, we all have those "shoulda, coulda, woulda" moments, like kicking ourselves for selling too soon. But Warren Buffett reminds us that it's far better than sticking around when a scandal emerges. Take it from the Oracle himself: one issue often means there's more trouble brewing.
Case in point: Metro Bank. It's the first new High Street bank in the UK in over a hundred years. We caught wind of it through Capitec's Gerrie Fourie and even chose them as our go-to bank for BizNews UK when we launched there in 2016. Initially, things looked promising: great service, solid balance sheet, and a ringing endorsement from Fourie. We were so convinced that we added it to our BizNews model portfolio at £33 a share back in November 2016.
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