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Brooks Macdonald, wine and cheese parties and too high margins

By Chris Bailey | Thursday 14 September 2023

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

You may have read that the ARM IPO in America is set to be a ranging success, when markets the other side of the Atlantic open later today. Just over ten days ago, I observed that any punters looking to buy the shares in the market would be fools (despite the fact that most of our smartphones are somehow currently influenced by one of its products). My view remains that it is wise not to get excited by the hype (even if you made a fortune when ARM was UK market listed back in the day). And talking about hype, let’s talk about the world of wealth management.

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