Excitable times

Excitable times

“May you live in interesting times” – an English expression purported to be a translation of a traditional Chinese curse We are certainly living in interesting times.  If you look at a range of financial market measures for the first week of October,...
A deal, a non-deal, changes and a sale

A deal, a non-deal, changes and a sale

‘Optimism doesn’t wait on facts. It deals with prospects. Pessimism is a waste of time’ –  Norman Cousins Life is rarely boring in the financial markets and this certainly is not the case for the Dynamic Opportunities Fund portfolio. Last week we undertook...
Numbers can only tell you so much

Numbers can only tell you so much

‘A good decision is based on knowledge and not on numbers’ – Plato A few days ago, a friend of mine making their way in the investment industry, asked for some advice about a job opportunity, where a company picking their investments via mathematical methods,...
Two exits, five adds and a caffeine high!

Two exits, five adds and a caffeine high!

‘Widespread caffeine use explains a lot about the twentieth century’ – Greg Egan Back to school this week and so time for a little portfolio cleaning…which is the hardest part of investment management by far.  The reason for this is quite clear: because...