Investing

Whether because of covid-19 or otherwise, the quest for yield has in recent times been strewn with casualties. Where and how can...

In general, stocks that pay out as dividends either nothing or a low portion of profits have, in recent years, been outperforming those...

For some time now I have been expecting the current global business cycle to end in 2020, with the caveat that it was almost as likely to...

There is little doubt that low interest rates have been causing savers and investors difficulties in recent years. In decades past, not...

Investment strategist James Montier now works with famed fund manager Jeremy Grantham at GMO, but in a past life wrote a fabulous paper...

The investment profession is one I have often said that I both love and loath. I love the company or country analysis; and the fact that...

I have written in the past about the Kelly Betting Criterion, named after the Bell Laboratory researcher John L. Kelly. In short, ‘the...

Risks generally come in two forms, those that can be borne by the individual and those that should be pooled. Longevity risk and the risk...

Our ancestor who made the first stone tool, perhaps as long as three million years ago, set in motion one of the most enduring of...

As many will know from bitter experience, a crisis often has two stages. The first is the crisis itself, whether a natural disaster that...

It always saddens me when I hear about small investors having lost, perhaps irretrievably, a sizeable portion of their net worth, in...

Michael Burry, the doctor-turned-hedge fund manager who foresaw the bursting of both the tech and subprime bubbles, has just revealed...

This is the second in a series of four posts dedicated to active management, focussing on some of the key figures involved in the study...

According to Moody’s, total assets in passive funds in the US will overtake those in actively managed funds in 2021. In light of this...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Recently I was...

The term “gold bug” has been popularised in recent decades as a reference to ardent fans of gold investment. The almost imperceptible...

To invoke US conglomerate Berkshire Hathaway’s vice chairman Charlie Munger: if investing is not thematic, what the hell is it? Here is...

The University of Cambridge’s Centre for the Study of Existential Risks conducts research in three areas: risks associated with...

A few years ago, I attended a talk by a professional sports bettor. The aim of the talk was to explain the differencebetween professional...

This post is the final of four in a mini-series on the subject of active management and the predictability of markets. The first three...

I feel very fortunate to have had the opportunity to live and work abroad for a number of years. Tokyo, Hong Kong and Singapore were not...

For such a simple word, risk is quite hard to define. It is generally agreed that it pertains to danger of some sort, but that is where...

Income continues to be the principal concern for many investors in the UK - both in the run-up to and throughout retirement. Reinvested...

Whether in skill games like Poker or luck games like Blackjack, repeatable success requires tilting the odds in your favour, then betting...