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“Know how to listen, and you will profit even from those who talk badly.” Plutarch – Greek and Roman philosopher, historian, biographer. Themes from the last 20 Years “We priced the stars, then bought the sky, and called it wisdom on the rise. But sober minds may ask, in time, when hope became a market […]
Category: Market Update
“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