The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More

Signs point to the start of a bond bear market Since their peak on 4 August 2020, long duration Treasuries are down 40% in real terms....

Next week I will post my latest What Investment magazine column in which I wrote about the difference between cyclical and structural...

There is no correct answer to this question - other than that before 1973, none of it! - as it is impossible to separate out effects of...

I remember with amusement a presentation some years ago by a technical analyst, a so-called chartist.

Understanding the basic science behind man-made climate change can give investors an edge. However, for the non-expert.

At the time of writing, global equities are up around 17% in US dollars year to date. Sterling weakness has added a further 3 percentage...

There is no bigger question for investors currently than where UK consumer price inflation is headed in the medium term.

How can young people be helped to reach this epiphany sooner?

Inflation has been on the rise recently in the UK and around the world. Is this rise transitory, as central bankers are saying it is, or...

In a recent op-ed, IMF chief economist Gita Gopinath noted that: “For the first time, in 60% of the global economy – including 97% of...

Asia Pacific countries excluding Japan comprise 13% of the MSCI All Country World index. Given that they account for over 50% of the...

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

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...

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

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

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

While it is essential that we protect the integrity of health services, it is equally important that we stop what will undoubtedly be...

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

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...

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...