Extract . . .
Often I think I should be more imaginative in diversifying my investments and seek out industries beyond hospitality. But the British eating-out market is still worth a massive £40bn annually and will expand this year, despite the recession. Moreover, I tend to spot the deals in the sector. I like to think I know what I'm doing - although I still make mistakes, such as Fishworks. But, overall, possessing a degree of domain knowledge will always improve the odds of your analysing a proposition more rigorously and help you make better returns.
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http://www.managementtoday.co.uk/bulletin/mtdailybulletin/article/1023460/luke-johnson-ingredients-success/
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