Recent Posts

  • Memoir Of Extraordinary Folly and Delusion | Fri 18 Sep 2020

    Topic: Market commentary

    One particular type of current investment madness (SPACs, which I will explain next week) reminded me of a favourite old investment book, “Memoirs of Extraordinary Popular Delusions and The Madness Of Crowds” – some later editions have slightly different names, but it is the same book by Charles Mackay. It was first written in 1841, and my raggedy edition is from 1869. [read more]

  • Value. A sleeping giant? | Fri 04 Sep 2020

    Topic: Market commentary

    In the last couple of weeks, we have looked at the huge potential in Value-style funds when “The Great Rotation” happens (see links to our most recent Value blogs at the end). Here we take a step back to look at how we got to where we are, and some examples of the massive splits between the Growth and Value styles that we have witnessed in the recent past. [read more]

  • Government Bond Basics (MMT 3) | Fri 04 Sep 2020

    Topic: Market commentary

    Governments very seldom have enough money, even after tax receipts, as the demands of the population grow every year. So they borrow money, in the form of bonds, and this debt mountain grows year after year. This is having widespread and unintended consequences on voters and taxpayers and consumers. Why? [read more]

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