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

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...

Jan 1, 20144 min read

That it is possible to add substantially more value to customers' portfolios than is subtracted from them in fees is the basis of the...

Jan 1, 20134 min read

John Authers asserts (“Quest for test of investment skill persists”, January 11) that nobody can tell which “investors are more skilled...

Feb 1, 20114 min read

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

Dec 1, 20104 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...

Aug 31, 20104 min read

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

Jul 31, 20074 min read

It is hard to think of something to say about the recent upheaval in world financial markets that hasn't already been said either this...

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