The Share Society is a not for profit organisation established to speak on behalf of all private investors. That is whether we agree with what it says or not, it claims to speak for us. Since we cannot by definition all have the same interests it is a bit of a grandiose claim but generally it is on the right tack. It has been bang on the money on Lighthouse (LGT). Conceitedly, I thought that my comments here on Norseman (NGL) and elsewhere on Universe Group (UNG) would have struck a chord. And so I reached out to the bloke who founded ShareSoc, Roger Lawson, and who at once became its chairman and - will I suspect - stay in post for quite a while and suggested that we might co-operate a bit.
On Friday came the damning response.
Have had a look at this and talked with my board directors about it. They were not particularly enthusiastic and your web site appears to be more like a personal blog than a serious investment site so I don't think we would wish to have a link to it (there are so many of those kind of blogs, we have to draw a line somewhere).
Ouch. I had a look at the board of directors. At least two of them are either using photo-shopped images of themselves or can only look like that as a result of several generations of inbreeding within 3 miles of the nuclear facility at Sellafield. But I am sure that they are all a fine bunch of fellows.
It is perhaps a bit rich to be so down on personal blogs when I note that the ShareSoc website contains a personal blog from, er Roger Lawson, where the views are described as his “personal” views. To be fair to the pompous Roger, his blog does stick to gripping matters such as his detailed thoughts on the Kay report on corporate governance. If you are having problems sleeping right now and the Olympics under-water weightlifting (an event designed by the Lebanese Judo team for Israeli athletes only) is not doing it for you, I would heartily recommend Roger’s blog. There are no Swedish birds, no jokes, no articles that no-one else would dare to print, indeed absolutely nothing of any interest whatseoever. It is indeed very personal to him in that I cannot imagine that anyone else reads it. But Rog is correct. With so many personal blogs he has to draw a line somewhere.
Anyhow this blog ploughs on. Away from the rather outspoken articles, cheap jokes and provocative photos which are attracting more readers every day there is- I think some serious investment thought now and again. In fact I was planning to post a new share tip here during market hours on Monday. But maybe Roger is right and what the world needs is yet another 3000 words on the nuances of a report on corporate governance. Unlike personal blogs of which “there are so many of these kind” you can never have too many thought pieces on corporate governance.
I kind of think that in terms of battling for private investors as the City screws them over again and again, people already know where I stand. But I would not claim to speak for anyone other than myself. Roger should note that merely claiming to speak for everyone does not actually mean that you do. And there are different approaches to speaking out. Roger has his method and I have mine. I note that two years after launching Share Soc is followed on twitter by less than 60% of those who follow this blog 6 weeks after its launch. And guess whose following is growing more rapidly.
I also think his last sentence rather gives a hint to his world view. “there are so many of these kind of blogs”. These kind. His words. He seems to spit them out. I rather suspect that Roger would like there to be fewer commentators on shares, fewer folk speaking out having their say. Leave the battling on behalf of private punters to those who are establishment fellows who are properly qualified to speak on the matter. The little people need leaders. Little people should not try to think or speak for themselves.