Will there be a recession?
The question that many investors appear to be asking themselves right now is if we will see a recession – prompted by concerns that higher interest rates will undermine economic ...
Bargains galore?
As of writing the Nasdaq index of “growth” stocks has fallen by 27% in the year to date*. Why has it fallen by so much and does it mean there ...
Thinking outside the (wine) box
With summer fast approaching, it rekindles memories of perusing the wine list on holiday and being confronted with many unfamiliar names, producers, and grape varieties, with the occasional familiar ‘brand’ ...
What’s our edge?
As an active investment manager, we put ourselves forward as being able to deliver better than average performance for our clients. This is a tall order. To believe it is ...
Could one bad Apple spoil the whole barrel?
The extent to which a small number of large companies supported the major stock index returns in 2021 has been well written about in the financial press. For example, a ...
Does your swimming costume still fit?
As the pandemic continues into its third year, many of us had to put our overseas holiday plans on hold again in 2021. Whilst it is sensible to hold off ...
A Healthy Opportunity Set
The movements of popular stock indices dominate the headlines, and all too often the psyche of investors. Given the large price increases in most stock indices for the year, it ...
Stealing from the poor to give to the rich
I have written before about my concerns over the optimism that is required to justify the valuations of many popular “growth” stocks. The analysis that follows will further explain why ...
