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

Jul 14, 20224 min read

Blurred Lines or No Lines?

Retail investors cannot be adequately protected until the fundamental similarity between investing and gambling is recognised

Jan 1, 20203 min read

A few years ago, I attended a talk by a professional sports bettor. The aim of the talk was to explain the differencebetween professional...

Sep 30, 20193 min read

Investment strategist James Montier now works with famed fund manager Jeremy Grantham at GMO, but in a past life wrote a fabulous paper...

Mar 1, 20194 min read

Whether in skill games like poker or luck games like blackjack, repeatable success requires tilting the odds in your favour, then betting...

Jun 30, 20183 min read

I never gamble. Not because I think it is a stupid thing to do - though it certainly can be - I just don’t have the time or inclination....

Jun 1, 20084 min read

The financial world is a confusing place at the best of times. But with the current uncertainty in markets there may be a particular need...

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