making sense of the narrative
January 11, 2021
This post was originally set to go out on Friday, but we thought it worth digesting the narrative being created over the weekend after the ‘storming’ of the Capitol by Trump supporters. What is clear from the hyperbolic – and Read more…
January 4, 2021
There is an old (and valuable) piece of advice that says never send an angry email at night and many is the time that a ‘rant’ about something has sat on the ‘draft’ pages of wordpress until the following morning, Read more…
November 30, 2020
The narrative over the last six months was seemingly almost entirely around the twin themes of Covid and the US Election and it looks like November will come in as a really strong month in Global Equities, principally because the Read more…
November 23, 2020
Global Equities have finally clawed back their total returns relative to Global Bonds and while there is no sign of the theoretical risk free rate approaching the true cost of capital anytime soon, investors accepting nominal inflation are looking at Read more…
November 2, 2020
The following is based on an article submitted to the Australian Financial Review, hence the bias towards Australia and UK in the commentary. Their site is behind paywall and the following is also unedited (by them). We have long used Read more…
October 26, 2020
Since the Global Financial Crisis, the west has slowly woken up to the fact that China does not intend to play entirely by their rules. It has adapted its centralised approach to allow for market prices to send signals about Read more…
October 19, 2020
Nate Silver, the political pundit wrote a bestselling book in the wake of the 2008 Global Financial Crisis called the Signal and the Noise, with the subtitle ‘Why so many predictions fail, and some don’t”. The book made two important Read more…
October 12, 2020
While everything that is not Covid or Trump (or both) is getting pushed to the side at the moment, there are actually some really interesting things going on elsewhere that deserve our attention. In particular one trend that seems to Read more…
October 5, 2020
Just when I thought I was out, they pulled me back in again Michael Corleone. Godfather lll A wise man once said that all life could be explained through one of two prisms, Cricket and the films of the Godfather Read more…