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“The more you want something to be true, the more likely you are to believe a story that overestimates the odds of it being true.” – Morgan Housel, 41, prominent financial writer, behavioural economics expert, and bestselling author. Author of The Psychology of Money. SpaceX and the romance of the spreadsheet “If I Can Dream” […]
Category: Market Update
The UK Bond Market “Money for Nothing” – Dire Straits, Brothers in Arms, 1985. The UK government is now spending well over £100 billion a year on debt interest, accounting for almost 10% of total government spending and equivalent to about twice the amount we spend on defence. This high number is a product of […]
Category: Market Update
The Dark Side of the Moon “And if the band you’re in starts playing different tunes, I’ll see you on the dark side of the moon.” – Pink Floyd, ‘Brain Damage’, 1973. The Artemis II space mission gave us perspective, as the world the astronauts looked down on was in turmoil once again. Space once […]
Category: Market Update
“Goodness is the only investment that never fails.” – Henry David Thoreau (1817-1862). American essayist, naturalist, Harvard graduate and protege/friend of Ralph Waldo Emerson. Middle East Conflict – Our Latest Thoughts “The essence of investment management is the management of risks, not the management of returns.” – Benjamin Graham (1894-1976). British-born American economist, investor, and […]
Category: Market Update