The three Ts: Turkey, Tesla… and turmoil

The three Ts: Turkey, Tesla… and turmoil

‘The best thinking has been done in solitude. The worst has been done in turmoil’ – Thomas A. Edison Mention of ‘Turkey’ in the summer is typically centred around a summer holiday or some unseasonal longing for a Christmas meal.  In the last week or so, however,...
Why I never go on holiday in August

Why I never go on holiday in August

‘To many, Heathrow in August is a paradigm of Hell’ – Paul Johnson I admit it, I am bad at taking holidays.  A few quiet hours here or a sly afternoon away from the laptop there feels much more refreshing than the forced jollity of two weeks away from the...
The changing market

The changing market

‘There is nothing permanent except change’ – Heraclitus It really is quite something for a single company to lose a cool US$100 billion of market capitalisation in a single day…but social media behemoth Facebook managed this last Thursday. So what caused...
What a stock market index does not tell you

What a stock market index does not tell you

‘An index is a great leveller’ – George Bernard Shaw I am fairly certain the Irish dramatist was making reference to an index in a book but his quote is equally applicable to the world of stock market indices. Indices are the wonderful catch-all mechanism by...
As one quarter finishes…

As one quarter finishes…

‘The cloud never comes from the quarter of the horizon from which we watch for it’ – Elizabeth Gaskell A new quarter starts…and a new pessimism starts? Early equity market moves on first July were generally down driven by further twists and issues in the...