, Columnist
A 35,000% Stock Market Return in Europe? Here’s How
Orks, animal semen and stock market voodoo lead to the holy grail of investing.
Sometimes it’s best not to follow the crowd to get to the top.
Photographer: Anadolu Agency/AnadoluThis article is for subscribers only.
Henrik Larsson Lyon told me he doesn’t “pay a lot of attention” to Hexatronic Group AB’s share price.
If I was chief executive officer of the Swedish fiber-optic cabling group I’d think of little else. Acquisitions and booming sales in the US, UK and Germany have boosted its value more than tenfold (900%) in the past two years and generated a 35,000% return since 2012 in US dollar terms (an astonishing 55,000% in local currency).