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

Jul 14, 20224 min read

Blurred Lines or No Lines?

Retail investors cannot be adequately protected until the fundamental similarity between investing and gambling is recognised

Jan 1, 20203 min read

Humility and Hubris

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

Sep 30, 20193 min read

Many Unhappy Returns

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

Mar 1, 20194 min read

What Poker, Blackjack and Coin Toss can Teach you About Investing

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

Jun 30, 20183 min read

Gaining an Edge from Gambling

I never gamble. Not because I think it is a stupid thing to do - though it certainly can be - I just don’t have the time or inclination....

Jun 1, 20084 min read

8 Pearls of Investment Wisdom

The financial world is a confusing place at the best of times. But with the current uncertainty in markets there may be a particular need...

Where's My Cycle?

An update on where I think we are in the business cycle with respect to growth, inflation and markets

Correlation or causation?

Data is too often presented in an unfair, unclear and misleading way

Dear John

Liontrust's John Husselbee's arguments in support of balanced funds are lame

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