Turbulence
I felt that I should share some thoughts and observations on the large fall in equity markets that we saw in the first week of the second quarter of 2025 ...
Most searched for…
It was a clean sweep in 2024! Havelock London, and the WS Havelock Global Select Fund, were the 'Most Searched Fund Groups' and 'Most Viewed Active Funds' in every Quarter ...
Academy of Funds analytics: Q3 2024
We were delighted to see Havelock London claim the Square Mile "most searched for Fund Group", and the WS Havelock Global Select Fund claim top spot as the "most searched ...
Don’t panic! Don’t panic!
This week the International Monetary Fund warned of a "widening disconnect" between geopolitical uncertainty and stock markets, hinting that valuations have become disconnected from reality. This follows similar such warnings ...
Is passive investing creating opportunity for value investors?
The evidence is that the average active fund has produced disappointing results for investors.This means that to be an active fund manager you either need to believe that you are ...
Where do we go from here?
Our modus operandi is to be bottom-up investors, studying companies that we think might make for overlooked bargains. This, however, doesn’t entirely free us from thinking about the bigger picture ...
The Voting Machine
The grandfather of value investing, Ben Graham, famously said that “in the short run, the market is a voting machine but in the long run, it is a weighing machine” ...
Can trees grow to the sky?
The performance of American public equities since the Global Financial Crisis has been exceptional, with the result that they account for more than 70% of the MSCI World index. This ...
