Insights

Articles and reflections

We like to keep things simple and straightforward. But the world is complex and requires thoughtful reflection.

Since 1987, the firm has published occasional articles each year on topics of general investment interest. We continue to share our thoughts and insights here.

Please note that the views expressed in these articles and videos reflect the view of their author at the time of publication and should not be regarded as advice or an offer or solicitation to conduct investment business.

14th May 2021
Focus on clients

Bhutan has an interesting priority …..

A number of countries (including the UK) acknowledge the worth of non-economic factors to people’s wellbeing and many try to measure their scale. None, however, yet appear to have identified national happiness as their central …

16th November 2018
Focus on clients

Financial empire-building - no thanks

This piece shares our suspicions about the rationale for company takeovers and mergers. For various reasons, there have been a lot of these recently, including some in our own neck of the woods. Not all …

12th January 2015
Focus on clients

Personal investment management – the proper objective

Investment managers have come under fire from analysts and the press on grounds that they overcharge and underachieve. Some of this criticism can be readily justified. However, managers' objectives vary hugely and some may be …

9th March 2012
Focus on clients

25 years – a few reflections

For some time before our 25th anniversary, kind readers had suggested reassembling these articles in one place. After some hesitation, we decided that publishing them in a book might be a suitable way to mark …

23rd May 2011
Focus on clients

Customers treated as categories – the consequences

Mark Zuckerberg’s Facebook must have been one of the most fantastic business stories of the millennium. Maybe the advent of social networking owed much to the loss people felt at the depersonalising of day-to-day private …

11th May 2010
Focus on clients

The market economy – ditched or just different?

Many hoped that the 2010 general election on 6 May would cleanse what they had come to view as the Augean Stables at Westminister.

The election was held beneath a pall of ash spewed over …

20th April 2004
Focus on clients

Benefits of transparency

Half way through Tony Blair’s 10 year term, disillusionment had set in. Much had been promised and much expected. Failure to meet targets set for public services fed public frustration and fostered mistrust.

An air …

12th April 2001
Focus on clients

Regulation – personal accountability is better

In the background to this piece lurks the remarkable fact that, while customers generally exercise reasonable care to inform themselves about the relevant facts when they buy a house or a car, they do not …

6th September 1996
Focus on clients

The merits of continuity

Continuity matters – to investment clients no less than to the BBC’s Radio Three listeners noted in this piece. That is why, despite service providers’ unceasing efforts to shift tastes towards different and, for them …

5th February 1987
Focus on clients

The case for discretionary investment management

This article was written by Alan McInroy, the senior of the firm’s founders, to explain the reasons underlying the establishment of the firm.

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