A bit of anarchy is good in investment selection

A bit of anarchy is good in investment selection

‘Making movies is controlled anarchy, chaos’ – Michael Cimino It is a bit of a cliche to say that investment is both an art and a science…but in reality it actually is.  We have talked before about the ‘voting machine’ and ‘weighing machine’ investor, the...
Two tales of Rotation

Two tales of Rotation

Last week I wrote a piece on rotation between different investment assets and suggested some of the bigger movements were yet to come. One week on and the pace appears to be quickening, especially in US equity markets that hitherto have been outperforming everywhere...
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...