Latest Issue


The shares that got away—and what I learned from them

By Andy Davis   August 2011

Galliford Try, which built the Centre Court roof at Wimbledon, has proved a sound investment

Hindsight can be cruel. Most of us can endure only a partial version—we block out really unpleasant episodes, allow selective memory to do its work and rewrite history into a more palatable form. And why not? Looking back is often painful and the only lesson most investors take away is that we can’t forecast the direction of the markets.

But refusing to rake over the coals in search of insight is an opportunity lost. I’ve spent plenty of time trying to work out why I…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect