Should you invest in Vodafone?

There is one company which has been held by almost all British companies since 2000: Vodafone. But with the outlook for the sector as a whole looking poor, should you?

Warren Buffet once famously opined that when the automobile was invented, the sensible investment decision was not to buy shares in automobile companies, but to short' horses, i.e. that sometimes it is wise to pass on buying into major technological changes. When the car was invented, clearly the future for the horse as a form of mass transport was less than rosy; but this did not mean automatic profits by investing in this new technology. In the last fifty years, the auto industry worldwide has only managed to produce a profit one year in five. The consolidated profit

and loss account for the world's automobile manufacturing business shows chasmic losses since the car was invented.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.