@LiamHalligan Confirmation bias personified. What are the numbers per capita and in PPP terms (the £ is still below where it was pre-Brexit against both the euro and the dollar)?
@mvcinvesting IMO, you write more cogently than any other online analyst (e.g. use of sub-titled paragraphs), which together with your focused and successful stockpicking, is a fantastic combination
@bacupelli@alc2022 Moat sources include first mover advantage, personalisation aided by its unique AI engine MedMatch, a trusted brand, scale (it’s double the size of its closest competitor Ro) and an unusual culture which prioritises sharing scale economies with customers (like Costco & Amazon)
@tomhfh @PhillWatson1970 Have all junior doctors got mortgage-free £500k flats or are you and the Mail conspiring to give an exaggerated impression of how well off the average doctor is?
@HenryPryor There’s also the question of what you mean by a house’s ‘value’. Are actual transaction prices the ‘correct’ value? Or is it possible that buyers can overpay or underpay? If they overpay/underpay, on what basis is the correct value being assessed?
@HenryPryor Also, potential buyers are guided in what to offer by an asking price (unless asking is ridiculously high). In behavioural finance terms, it creates an ‘anchor’ which they find it hard not to be influenced by. That explains why agreed sale prices average only 5% below asking
@HenryPryor Sure. So in that case what an estate agent (or several of them to get a range of opinion) values the property at does carry some weight then. As does what your neighbour living in a comparable house - who has presumably had agents’ advice to guide him/her - is asking.