Take a Stand Against Mediocrity
The investment profession is one I have often said that I both love and loath. I love the company or country analysis; and the fact that...
top of page
INVESTMENT BLOG
The Latest on Equities, Bonds, Economics, Behavioural Investing, Climate Change & More
Peter Elston
Jul 31, 20195 min read
Active Management and the Predictability of Markets Redux: Eugene Fama
According to Moody’s, total assets in passive funds in the US will overtake those in actively managed funds in 2021. In light of this...
30
Peter Elston
Mar 1, 20194 min read
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...
40
Peter Elston
Dec 1, 20183 min read
Lessons from Scandinavia
The fund industry is not like other industries. With most consumer products, you know what you are getting. Furthermore, if they break,...
60
Peter Elston
Jul 31, 20183 min read
Some Home Truths for Investors
American author and publisher William Feather once noted, “One of the funny things about the stock market is that every time one person...
30
Peter Elston
Sep 30, 20176 min read
Five Points about Active Management in the Multi-Asset Space
I was presenting a slide deck entitled ‘The Art and Science of Multi-Asset Investing’ at five venues across the country recently, as part...
400
Peter Elston
Aug 31, 20177 min read
Yet More Shocking Findings About Active Management
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. Most of you will...
30
Peter Elston
Jul 31, 20174 min read
An Attack on Poor Active Management
From Seneca Investment Managers' public marketing material. Seneca is now part of Momentum Global Investment Management. I abhor poor...
20
Peter Elston
May 31, 20144 min read
For Better Investment Results, Concentrate
As the Financial Times’ John Authers rightly points out, “active share” – the portion of a fund that differs from its benchmark – should...
50
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