Dismissing markets as short term ignores the real world cost
There’s an interesting passage in the book “Other People’s Money” by John Kay. In it, Professor Kay discusses the intermediation of the market and the nonsensical notion that there is anything particularly insightful to be gained from “what the market thinks” when it comes to investing in companies. In our… Read the article
It’s good to talk….
There are many different ways to form an investment view on a company. As my colleagues Dan White and Matt Cable discussed in a recent blog meeting company management can be both interesting and informative and for many investors pivotal to the investment decision making process. In my experience… Read the article
The BoJ, beliefs and asymmetric risk
Unexpected changes to a central bank’s reference interest rate can cause chaotic price movements. Surprise action by the Bank of Japan (BoJ) in January has driven a shift in investor beliefs. Where previously negative interest rates were not seriously considered by investors, now they are a reality.
This is an… Read the article