top of page
INVESTMENT BLOG
The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More
Peter Elston
Jan 6, 20236 min read
Do Not Let Your Comfortable Retirement Slip Away
Now is the time for a truly bold asset allocation
2283
Peter Elston
Oct 27, 20225 min read
Wealth Managers May Need A Complete Rethink
Persistent high inflation will make a mockery of balanced and risk rated funds
940
Peter Elston
Jun 6, 20225 min read
May The Two Forces Be With You
A look at the last hundred years of US fiscal and monetary policy
910
Peter Elston
Jun 2, 20222 min read
Mea Culpa? Hardly...
It is important that governments are honest about what is causing inflation
710
Peter Elston
Jun 1, 20224 min read
Winter of '69
Winter of '69
I see little sign of such honesty and humility today which is concerning to say the least.
1392
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....
560
Peter Elston
Jan 1, 20224 min read
Clear and Present Danger
At the time of writing, global equities are up around 17% in US dollars year to date. Sterling weakness has added a further 3 percentage...
160
Peter Elston
Nov 1, 20213 min read
Boiling Frogs
There is no bigger question for investors currently than where UK consumer price inflation is headed in the medium term.
121
Peter Elston
Jul 31, 20214 min read
Boom and Bust
Speculative bubbles – famous examples of which are tulips in the 17th century, the South Sea Company in the 18th, British railways in the...
160
Peter Elston
Jun 30, 20213 min read
A Game of High Stakes
Inflation has been on the rise recently in the UK and around the world. Is this rise transitory, as central bankers are saying it is, or...
130
Peter Elston
Sep 30, 20203 min read
Capital Growth is Key to Finding Income in a Zero-Inflation Era
Whether because of covid-19 or otherwise, the quest for yield has in recent times been strewn with casualties. Where and how can...
70
Peter Elston
Nov 1, 20193 min read
The Indiscriminate Inflow Threat
Michael Burry, the doctor-turned-hedge fund manager who foresaw the bursting of both the tech and subprime bubbles, has just revealed...
40
Peter Elston
Sep 30, 20195 min read
Active Management and the Predictability of Markets Redux: Didier Sornette
This is the third in a series of four posts dedicated to the subject of financial market predictability. In this month’s letter, I look...
70
Peter Elston
Mar 31, 20193 min read
Is 0% Better Than an Annuity?
Risks generally come in two forms, those that can be borne by the individual and those that should be pooled. Longevity risk and the risk...
50
Peter Elston
Mar 1, 20193 min read
Gold Is Not What You Think It Is
The term “gold bug” has been popularised in recent decades as a reference to ardent fans of gold investment. The almost imperceptible...
60
Peter Elston
Sep 30, 20183 min read
Inflation Warning Flashes Red
Renowned economist Milton Friedman wrote: “Inflation is a disease, a dangerous and sometimes fatal disease, a disease that if not checked...
30
Peter Elston
Jul 31, 20185 min read
Am I Right to Worry About Higher Inflation?
Am I right to worry about higher inflation? Followers of our funds and my writing will know that we have been reducing risk in...
160
Peter Elston
Jul 31, 20172 min read
Wealth Creation from US Equities Since 1926
I was alerted by an article in the Evening Standard to an interesting research paper entitled Do Stocks Outperform Treasury Bills? The...
30
Peter Elston
Mar 1, 20176 min read
Fund Objectives and the Search for Harmony
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. We think that...
60
Peter Elston
Dec 1, 20164 min read
A Selective Approach to Investing in Asia
I was fortunate to have spent twenty or so years working in Asia. It has been – and continues to be – the highest growth region in the...
30
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
bottom of page