Serious investment thinking that doesn’t take itself too seriously.
The capital allocators examine trends in the sector
The new year is a time for both reflection and anticipation. It seems to me it is one of the most important of years to do both thoroughly. 2023 is described by many of my friends and business associates as one of the hardest of their lives. Even supposedly after COVID (although of course we are...
* FTSE ST REIT Index up 745.45 to 823.64 (+10.49%) on the month update. * Index has rebounded c41% as of June 12 closed after hitting the recent high of 878...
Call it what you will. The Covid-19 pandemic. The Great Lockdown. The Coronavirus Recession. Whatever label you give it, it remains unprecedented. Never in history has more than...
In over 30 years of involvement in US real estate, I have never encountered a dilemma in institutional office investment similar to what we are experiencing today. About half of...
Once a month we will bring you an interesting chart with a short commentary. Our aim is to illuminate the corners of financial markets. This time really is different - US...
This article goes back to basics and outlines why a consistent record of dividend payments is the first thing I look for in a company, and why dividend cover is the first of many...
Coronavirus was the catalyst for the market turmoil, but it was the pathology of the financial world, and its interaction with the markets – not a prediction of a pandemic –...
Balance sheets show the trade-off between resilience and optimisation % of companies with net cash Source: CLSA, Factset as at 21 April 2020 As we highlighted last month,...
In engineering, noise is a disturbance around a signal and engineers have become good at extracting signals from the noise. In investing, noise comes in many forms and...
In this article I look at the S&P 500’s response to the coronavirus pandemic, the impact on CAPE valuations and what that means for the index’s expected ten-year returns. The...