Biznews Global portfolio: After October's 14% wipeout, what now?

With the four year old Biznews Global Share portfolio peaking at an annualised return of 41% in September, hindsight suggests a correction was overdue. But when it arrived, the change in Mr Market's manic phase to one of deep depression came ever so quickly. Four of the portfolio's nine names took big hits in the month, led by the share price of its largest holding, Amazon.com, dropping some 22%. Biznews founder and the portfolio's manager Alec Hogg takes a close look at this stock in the wake of its quarterly results. He urges them to apply perspective, reminding us that nothing goes up in a straight line and that corrections are natural for every market. But the key question now is whether anything fundamentally has changed at the companies in which the portfolio's investors are co-owners.