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If you buy the 30-year inflation protected gilt today and hold it to maturity you are guaranteed to lose 24% of your real capital. Where...

Investment: I have a love/hate relationship with my industry. What I love about it is the fact that, as in sport, there is no argument...

There are very tentative signs of improvement in inflation numbers around the world (improvement could mean it either rising if it is too...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. We have decided...

In my last blog I wrote about how volatility is a poor measure of risk, by considering the general attributes of both equities and bonds....

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. This investment...

The analytical framework set out by Benjamin Graham and David Dodd in 1934 was very intricate, whereas the constituents of value indices...

Murphy’s Law says that what can go wrong, will go wrong. It is thought to be named after Captain Ed Murphy, an aircraft engineer who,...

What is particularly notable at the moment is that inflation almost everywhere is lower than desired. The only place where inflation is...

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. As we approach...

Unemployment continued to fall across the developed world but in all cases remains about what should be considered full employment. I am...

Overall, inflation pressures in the developed world and in key emerging markets remain very weak. This means that monetary policy will...

Thanks to Canaccord’s Alan Brierley for his slides highlighting some interesting contrarian opportunities. The four he presented were...

We may yet be proved wrong but it is starting to look as if our call that we were not heading into a more pronounced period of equity...

Here’s a question. From November 1940 to September 1981, the annualised standard deviation of real returns from US long dated bonds was...

Most if not all central banks are tasked with maintaining price stability and full employment. Employment Watch looks at recent...

What role should gold play in a portfolio? Should it be considered an investment, a store of value (money), or as insurance? "Although...

Murphy’s Law says that what can go wrong, will go wrong. It is thought to be named after Captain Ed Murphy, an aircraft engineer who,...

Murphy’s Law says that what can go wrong, will go wrong. It is thought to be named after Captain Ed Murphy, an aircraft engineer who,...