This month marks the 10th anniversary of the opening rounds of the great financial crisis. Though years in the making, it was finally in June 2007, that two Bear Stearns hedge funds created to invest in sub-prime mortgages, collapsed. This triggered an attempt by many banks, such as RBS, to shore up their own capital […]
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Tag Archives: investing
What does disruption mean for investing?
June 1, 2017 
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Can a disciplined investment process deal with rapid change? Rigorous analysis of historic numbers seems at odds with disruption and a radically different future. Economic revolution seems to question the very concept of consistent growth. The process of investing may now need to adapt to involve informed guesswork on innovation and adoption of technology. Investors […]
Continue reading Change in the World Order
November 9, 2016 0 Comments
Trump is an immediate negative for markets around the world, as seen already in Asia. Immediate winners are gold, Treasuries and the Yen; but losers include the US Dollar, Mexican Peso, oil, climate change and equities. Since 1948, the Dow has typically fallen under a Republican. But if Trump’s presidency echoes Reagan’s leadership, markets may […]
Continue reading 8 years on, has Lehman cut global bank risks?
September 15, 2016 0 Comments
The Great Financial Crisis still casts a shadow in the industry, eight years on. The fear remains that it might not be the main event, but simply advance warning of something bigger. After two decades of accumulated bank leverage and a few years of irresponsible lending, the remedy has mainly been sticking plasters. Regulation has […]
Continue reading What will Brexit do to the UK economy?
June 24, 2016 2 Comments
The challenge for the UK is to move to being a good neighbour with the EU rather than a reluctant tenant. But how bad is Brexit for the British economy and stock market? Already it looks like the Pound has made a lot of the adjustment – a fall that may have been necessary anyway […]
Continue reading History can guide Investors on EU Referendum
June 20, 2016 0 Comments
Seasoned investors know that stockmarket sell-offs eventually offer buying opportunities. Indiscriminate falls in share prices mean bargains are available. But, putting this into practice takes real courage. It is rarely possible to get in at the bottom, so some immediate losses are likely. How can investors make stockmarket volatility pay off? It can be useful […]
Continue reading Value investing should be about business resilience
June 6, 2016 0 Comments
Investing style is how investors typically make sense of their portfolios. Emphasis can be on big or small companies, and labelled as “growth” or “value”. Each person’s style preference will fit their longer term goals, or even just match their own personality or attitude to risk. Investors can gain from clear thinking about style. Unfortunately, […]
Continue reading EU Referendum: Investors should be wary of the polls
April 5, 2016 0 Comments
How should investors prepare for Britain’s referendum on EU membership? Shares were weak ahead of the Scottish referendum and the UK general election, but ultimately it proved right to ignore the opinion polls. Polls can capture a lot of biases and wishful thinking, whereas voting often concentrates the mind. In the polling booth, fear of […]
Continue readingMixed signals for 2016; deflation still the global risk
January 4, 2016 0 Comments
Investors enter 2016 divided on outlook: economic signals are mixed. The global economy is out of sync; with growth in the UK and US, but a slowdown in the developing world. How should investors position for the year ahead? Investors who were under-weight in oil, mining and industrials in 2015 might be forgiven for feeling […]
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Behavioural Edge 
Will the UK Election result unnerve investors?
– Falls of 2 to 3% likely in UK domestic sectors like property, media, retail and challenger banks – FTSE 100 sectors with international earnings – pharma, oils, mining, exporters – should gain on the weaker Pound – Domestically-oriented sectors such as housebuilding and building products can benefit in coming months – A barely workable […]
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