Tag: kelly

There is some value in that

I’ve often used this phrase and others often use this phrase, mainly incorrectly, so I felt I should qualify what it means!

Simply backing or laying something ‘Because it is value’ just isn’t good enough. If we see something priced at 1.50 and we think is should be priced at 1.20 there is clearly defined value, 30% in fact. We could feel pretty confident about putting some decently money on that. While it may not win this time, doing it …