Announcements

By Robert Swift In previous articles we highlighted that active portfolio management benefits from: the ability to rebalance the portfolio as opportunities arise and that a wider range of stock choices is beneficial and improves the likelihood of achieving positive active return – that is a return...

By Robert Swift If you have any interest in investing, then Moneyball is a book worth reading and a film worth watching.  It is the story of a relatively poor baseball team, the Oakland Athletics and how in the early 2000s they competed successfully against the bigger spending teams such as the New...

By Karl Hunt We have held Apple for some time believing it to be too lowly rated given its growth and potential.  Apple has always been relatively lowly rated compared to other “tech” stocks.  There is a good reason for this.  Unlike a company like Microsoft that has recurring revenues and an...

By Robert Swift  Forgive us for returning to an old favourite topic. Whether a decade of Zero Interest Rates (ZIRP); massive central bank intervention in capital markets; and generally kicking the can down the road, has caused more problems than it has solved, and how investors should prepare for (...

By Robert Swift The Dow Jones Industrial Average closed above 26,000 for the first time recently, sprinting to a fresh 1000-point milestone only eight trading days after toppling the previous one, its fastest run ever.  Since the bottom in 2009, the global equity market has almost doubled in price....

By Robert Swift  “Our one source of energy The ultimate discovery Electric blue for me Never more to be free Electricity Nuclear and HEP Carbon fuels from the sea Wasted electricity Our one source of energy Electricity All we need to live today A gift for man to throw away The chance to change ha...

By Robert Swift  We have argued for a while that Japan has not ‘suffered from’ deflation but has benefitted from deflation in goods and services prices which has made the economy much more competitive. We have also argued that this widespread mistaken idea of ‘problematic’ Japanese deflatio...

By Karl Hunt We have written on the China “marvel” before and continue to scratch our head on this enigma and the sustainability of it. You have to give them huge credit for what they have achieved – the greatest economic expansion in history improving the lives of so many people in a 30 year ...

By Robert Swift We often show investors our sector and region weights. These are important aspects of our portfolio construction process because ensuring a wide spread of sector and country exposure is a sensible way to diversify and control exposure to a detrimental event in any one country or sect...