Do Not Let Your Comfortable Retirement Slip Away
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INVESTMENT BLOG
The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More
Peter Elston
- Oct 27, 2022
- 5 min
Wealth Managers May Need A Complete Rethink
Persistent high inflation will make a mockery of balanced and risk rated funds
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Peter Elston
- Jun 6, 2022
- 5 min
May The Two Forces Be With You
A look at the last hundred years of US fiscal and monetary policy
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Peter Elston
- Jun 2, 2022
- 2 min
Mea Culpa? Hardly...
It is important that governments are honest about what is causing inflation
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Peter Elston
- Jun 1, 2022
- 4 min
Winter of '69
Winter of '69
I see little sign of such honesty and humility today which is concerning to say the least.
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Peter Elston
- May 29, 2022
- 4 min
Grin And Bear It
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....
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Peter Elston
- Jan 1, 2022
- 4 min
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...
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Peter Elston
- Nov 1, 2021
- 3 min
Boiling Frogs
There is no bigger question for investors currently than where UK consumer price inflation is headed in the medium term.
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Peter Elston
- Aug 1, 2021
- 4 min
Boom and Bust
Speculative bubbles – famous examples of which are tulips in the 17th century, the South Sea Company in the 18th, British railways in the...
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Peter Elston
- Jul 1, 2021
- 3 min
A Game of High Stakes
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...
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Peter Elston
- Oct 1, 2020
- 3 min
Capital Growth is Key to Finding Income in a Zero-Inflation Era
Whether because of covid-19 or otherwise, the quest for yield has in recent times been strewn with casualties. Where and how can...
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Peter Elston
- Nov 1, 2019
- 3 min
The Indiscriminate Inflow Threat
Michael Burry, the doctor-turned-hedge fund manager who foresaw the bursting of both the tech and subprime bubbles, has just revealed...
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Peter Elston
- Oct 1, 2019
- 5 min
Active Management and the Predictability of Markets Redux: Didier Sornette
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...
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Peter Elston
- Apr 1, 2019
- 3 min
Is 0% Better Than an Annuity?
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...
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Peter Elston
- Mar 1, 2019
- 3 min
Gold Is Not What You Think It Is
The term “gold bug” has been popularised in recent decades as a reference to ardent fans of gold investment. The almost imperceptible...
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Peter Elston
- Oct 1, 2018
- 3 min
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...
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Peter Elston
- Aug 1, 2018
- 5 min
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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Peter Elston
- Aug 1, 2017
- 2 min
Wealth Creation from US Equities Since 1926
I was alerted by an article in the Evening Standard to an interesting research paper entitled Do Stocks Outperform Treasury Bills? The...
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Peter Elston
- Mar 1, 2017
- 6 min
Fund Objectives and the Search for Harmony
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. We think that...
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Peter Elston
- Dec 1, 2016
- 4 min
A Selective Approach to Investing in Asia
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...
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