Vanguard Doubles Down
The passive fund behemoth refuses to consider possibility that inflation will remain high
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INVESTMENT BLOG
The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More
Peter Elston
Nov 4, 20226 min read
Is Vanguard In Denial?
The manager of the huge passive balanced fund range is clearly conflicted
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Peter Elston
Oct 20, 20221 min read
Citywire: Wealth Managers May Need A Complete Rethink
My latest piece, published in Citywire, takes aim at balanced and risk-rated funds
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Peter Elston
Sep 28, 20223 min read
Carnage
If you enjoy reading this blog, please leave a star rating on WealthTender. Thank you! The ramifications of the big fall in Gilts will be...
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Peter Elston
Aug 26, 20224 min read
OK, But What Do The Patterns Actually Mean?
Patterns in financial markets relate to human behaviour, the business cycle, and longer inflation cycles
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Peter Elston
Aug 22, 20226 min read
A Statistical Appraisal Of Bond And Equity Behaviour
Bonds and equities exhibit fundamentally different patterns
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Peter Elston
Aug 3, 20223 min read
Where Are We In The Cycle?
A reminder about what empirical research tells us about business cycle phases and asset class returns
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Peter Elston
Jul 27, 20226 min read
Prediction Machines
It's easy to make predictions but making them useful is another thing all together
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Peter Elston
May 29, 20224 min read
Grin And Bear It
Signs point to the start of a bond bear market Since their peak on 4 August 2020, long duration Treasuries are down 40% in real terms....
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Peter Elston
May 26, 20222 min read
Misunderstanding About Inflation-Linked Bonds
There is a widespread misunderstanding about inflation-linked bonds, namely that they protect against inflation. They don't. At least not...
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Where's My Cycle?
An update on where I think we are in the business cycle with respect to growth, inflation and markets
Correlation or causation?
Data is too often presented in an unfair, unclear and misleading way
Dear John
Liontrust's John Husselbee's arguments in support of balanced funds are lame
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