Jul 1, 2016 | Monthly Commentaries, News
“Only the wisest and stupidest of men never change.” Confucius Graham and Dodd (two rather wise men) once referred to fixed income investing as ‘the negative art’. This is because unlike equities, with bonds the maximum upside is ‘fixed’. And it is the investor’s job...Jun 1, 2016 | Monthly Commentaries, News
“But apart from the sanitation, the medicine, education, wine, public order, irrigation, roads, the freshwater system and public health, what have the Romans ever done for us?” Monty Python After a century of watching countries declare their independence from them,...May 1, 2016 | Monthly Commentaries, News
“The house doesn’t beat the player. It just gives him the opportunity to beat himself.” Nick the Greek For this month’s commentary we are following our colleague Brian on a field trip to the casino. Being the responsible gambler that he is, Brian has predetermined...Apr 1, 2016 | Monthly Commentaries, News
“The waiting is the hardest part” Tom Petty Waiting is one of the most frustrating yet inevitable parts of life. We are all waiting for something. And when that something comes, we’ll move on to waiting for something else. It’s as certain as death and taxes, and we...Mar 1, 2016 | Monthly Commentaries, News
“It would be so nice if something made sense for a change.” Lewis Carroll – Alice’s Adventures in Wonderland ‘Twas a warm summer’s day in August when equities ventured down a mysterious rabbit hole and into a nonsensical world of uncertainty. Like Alice’s Adventures...Feb 1, 2016 | Monthly Commentaries, News
“Waves are not measured in feet or inches, they are measured in increments of fear” Buzzy Trent Warren Buffet famously quipped that ‘only when the tide goes out do you discover who’s been swimming naked’. Given that the markets of late are more like a series of...
