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

Do Trends Exist?

It's not about cycles and trends, but pattern and randomness

Clear and Present Danger

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...

The Liquid Illiquid Solution

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

An Unwelcome Comeback

In last month’s column I wrote about the yield curve – the difference between long-term and short-term interest rates – and how its...

Inflation Warning Flashes Red

Renowned economist Milton Friedman wrote: “Inflation is a disease, a dangerous and sometimes fatal disease, a disease that if not checked...

Am I Right to Worry About Higher Inflation?

Am I right to worry about higher inflation? Followers of our funds and my writing will know that we have been reducing risk in...

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