David made $245m picking stocks - now he wants to give away his advantage
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RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
Subject: David made $245m picking stocks - now he wants to give away his advantage Fri Jan 04, 2019 5:46 pm
Most great stock pickers do all they can to preserve their competitive edge. David Webb is trying to make his disappear.
The former Barclays banker isn't opposed to making money per se. After earning about 20 per cent a year from his personal investments in Hong Kong shares since 1995 – more than double the gains in the city's benchmark index - he seems happy to have amassed a fortune of at least $US170 million ($245 million).