The savings guru Per H Börjessons house god, the super investor Warren Buffettintroduced an answering machine to himself after losing multum in the airline business.
“Don’t buy airlines,” read the message.
Now “Sweden’s Warren Buffett” is considering doing the same – to warn himself against financial companies.
Read more: Spiltan’s CEO: We missed 10,000 percent in return. Today’s PS
“Some years the interest is cold”
For two decades, the Spiltan founder has been at the forefront of trading unlisted shares, writes Affärsvärlden.
But after 20 years, he shuts down Pepins and sells his stake in the alternative trading platform.
“The basic idea itself – to have a trade for unlisted companies – is great. But the problem is that some companies get out of hand, some years the interest is cold”, says Börjesson to Privata Affärer.
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Tags: Swedens Warren Buffett ratifies financial industry Dagens
