The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More

The Myths and Misunderstandings Behind Active Share

The issue of closet tracker funds charging high fees for poor performance has been a recent gripe of the Financial Conduct Authority. It...

Mar 1, 20194 min read

In the spirit of Christmas, I present in this final letter of the year some truly psychedelic charts! "I guess he’d never heard of Warren...

Dec 1, 20175 min read

From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Most of you will...

Sep 1, 20177 min read

How should you judge whether a fund’s fees are worth paying? This can be a very hard question to answer in an industry where the...

Dec 1, 20104 min read

Is it possible to find a simple measure that identifies skilful active managers and thus funds that will produce good returns?...

Sep 1, 20104 min read

An update on where I think we are in the business cycle with respect to growth, inflation and markets

Data is too often presented in an unfair, unclear and misleading way

Liontrust's John Husselbee's arguments in support of balanced funds are lame