How the tipsters fared in 2013, and what they’re buying now

The American screenwriter William Goldman, in his autobiography Adventures in the Screen Trade, famously observed that “nobody knows anything”. What applies to Hollywood producers has a certain relevance to Fleet Street’s finest. The FTSE All-Share generated total returns of over 21% last year, and yet at least two tipsters saw their overall recommendations lose money. In the immortal words of Gordon Gekko, if these guys owned a funeral parlour, nobody would die.

To make money from the stockmarket in 2013, you had to do just one thing: avoid mining shares. The mining sub-index fell by 16%, while industrial metals and [...]

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