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

Now is the time for a truly bold asset allocation

Persistent high inflation will make a mockery of balanced and risk rated funds

A look at the last hundred years of US fiscal and monetary policy

It is important that governments are honest about what is causing inflation

Winter of '69 I see little sign of such honesty and humility today which is concerning to say the least.

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....

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.

Speculative bubbles – famous examples of which are tulips in the 17th century, the South Sea Company in the 18th, British railways in the...

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...

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

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 third in a series of four posts dedicated to the subject of financial market predictability. In this month’s letter, I look...

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...

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

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? Followers of our funds and my writing will know that we have been reducing risk in...

I was alerted by an article in the Evening Standard to an interesting research paper entitled Do Stocks Outperform Treasury Bills? The...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. We think that...

I was fortunate to have spent twenty or so years working in Asia. It has been – and continues to be – the highest growth region in the...