Investing is an activity that’s rife with opportunity to fall into bad habits, be led astray or make decisions for the wrong reasons. Being aware of the behavioural traps and temptations that lie in wait for the unwary investor is the first step to avoiding them. The Seven Deadly Sins were formulated in early Christian teachings to make followers mindful of man’s natural vices … [Read more...] about Investment pitfalls and how to resist them.
For much of the period since August 2016, global markets have largely moved in tandem. However, in 2018 they have become more negatively correlated: US markets have continued to rise higher, while much of the rest of the world has dwelt in negative territory. In our view, this scenario is strange given the underlying dynamics of the US market. We believe there are several … [Read more...] about Why we are not seduced by the US
September has been the month of memorials and milestones; ten years since the bankruptcy of Lehman Brothers and, at nearly 3,500 days old, the longest US equity bull market ever. And October marks the longest US interest rate tightening cycle. All of this has focused minds on the cause, timing and nature of the next downturn. While there is no consensus on any of those factors, … [Read more...] about Next downturn will hit a half-empty policy toolbox
The impact of climate change has been discussed for some time now. Barely a day goes by without major coverage of it in the press, and it can be difficult to separate the real issues and challenges from headline-making conjecture. Here we provide our view based on recent research, which gives greater detail on the effects of climate change and insight into the potential … [Read more...] about Climate change and the potential outcomes
Burdened by too much debt and growing societal frustration, the global economy is faced with stark choices, including fiscal austerity and rising defaults. But what if we took a page out of Henry Ford’s playbook, creating a highly paid, highly trained workforce to help usher in a new era of inclusive growth? … [Read more...] about To reduce inequality, focus on inclusive growth