“We are drowning in information but starved for knowledge” John Naisbitt
News & Views
I hope, like me, regular readers have enjoyed Chief Investment Officer Chris Bailey’s stimulating weekly bulletins. Sharing with investors our latest reading of global markets is a key feature of our Fund.
As the expression goes, travel broadens the mind. This last weekend found me in Beijing, the capital of China, with a modest formal agenda but an innate curiosity to find out a little more what makes the country tick.
What a last week. More trade angst as the war of words spills over into more tariffs, a German government that is wobbling, higher US interest rates, a confirmation from the European Central Bank that it is holding rates below zero for another year and the usual discussions about Brexit.
Regular readers will have noted previous editions headed ‘Doomwatch’ and on one occasion, when markets were clearly going mad, ‘Eurphoriawatch’.
You can buy Donald Trump’s book ‘The Art of the Deal’ online for the equivalent of a couple of cups of coffee.
The biggest influence on stock market records is typically not economic growth (although that helps), corporate success stories or even time per se.
Both the DJIA and S & P 500 indices are showing year-to-date losses, albeit the latter not by much, which is in itself a novelty.
Spotting big picture themes is usually a good route to investment success. Unfortunately one growth theme in the healthcare world today is the rise and rise of those impacted by diabetes.
“Words are cheap. The biggest thing you can say is 'elephant' “ - Charlie Chaplin I am sometimes asked why I bother with large capitalisation shares. After all - so the theory goes - they are so large as to be impossible to really understand, additionally they are so...
April may have brought some partial relief after two grim months but if anybody was in doubt that investors are in several minds, yesterday’s price action on Wall Street should have sorted them out. The VIX volatility/fear index opened at 15.97 and closed at 16.27...