Karl Marx famously said that Religion was the opiate of the masses, while legendary Liverpool Football managers Bill Shankly said Football “wasn’t just a matter of life and death, it was more important than that”.

We are spending the days running up to Christmas writing a series of upcoming posts about some of the key structural problems facing Asset management and by extension Wealth Management, to be followed early in the New Year with our proposed solution to some of these. In the meantime, still time for a few musings (albeit delayed from a Monday)

Leaving the quixotic and authoritarian world of the Hong Kong Zero Covidians ahead of schedule on account of (correctly) anticipating the rational response of most western aircrew to the latest prospect of 21 days in Penny’s bay solitary confinement (see below) which is, quite literally, akin to prison, i.e they all call in sick and the flights are cancelled, I was able to briefly enjoy a relatively ‘normal’ period in the UK.

he second half of the year saw accumulated fragility within markets, as a Fear of Missing Out dragged in more retail investors and day traders, many of whom used Lots of Leverage via short dated options to exploit a Lack of Liquidity in mid cap meme stocks.

A Short note today – just moving into a new office. Mainly a focus on recent developments around some of our developing themes.