Equity market returns have been narrowly concentrated in recent years. But the unpredictability of market timing highlights the need for a disciplined investment approach and a diversified portfolio of global companies.
The immediate economic outlook appears gloomy, as inflation affects both consumer spending and company profits. Central banks have added to the economic pressure by increasing interest rates. Despite this, there remain interesting themes that offer …
Most investors haven’t experienced UK stagflation for close on 50 years. Current economic trends are pointing towards another such period. We could be about to see the UK financial authorities raising interest rates to rein …
Pressures from the Virus are reinforcing changes in social priorities. The political class bows in response. Beyond the immediate ghastliness we may find the building blocks of a better future.
In our article of July 2000, we talked about the development and implications of the then technology bubble for investors. Here we revisit the theme of technology exploring the impact of social media on our …
'Short-termism' reveals nothing new about human appetite. But the damage it inflicts seems to grow by the week. Voters, business customers, and all its other victims are expressing disgust. An alternative way forward must be …
‘Globalisation’ is the outcome of the growth of global business. The result is a para-State without boundaries. Its workings should be urgently addressed by a global agency.
Churchill said, ‘if you make ten thousand regulations, you destroy all respect for the law.’
By November 1995 the cost of wasteful bureaucracy not least for farmers in the UK was virtually incalculable. Without doubt, …
Investment fashion can shift quite as abruptly as forms of artistic expression.
Bond investors had certainly done very well since our piece in 1989 – quite a bit better than equity investors – but in …
Britain joined the EEC in 1973 under the terms of the Treaty of Accession. In a referendum in 1975, the people of Britain voted by a large majority to support the Labour government’s campaign to …
Sheer power of personality to carry through a stratagem, however harmful, revealed itself as clearly in the political and economic events of 1989 as it had in wartime.
We felt then, as we do now, …
Here we are with the UK market now in the thirteenth year of a rise that began in 1974. Few investors in Britain have experienced a stronger bull market; many indeed have never seen a …
