Serious investment thinking that doesn’t take itself too seriously.
The capital allocators examine trends in the sector
The day after Thanksgiving is known as ‘Black Friday’ in the USA and I am confident that most people have no idea why it is called that. So, for those who don’t know, let me tell you.
The looming crisis in list stocks and bonds is driving interest in alternatives – but their inherent illiquidity can defeat risk managers’ comprehension. Alternatives is becoming...
WeWork’s ill-fated IPO is the tip of an iceberg WeWork revenue and operating losses and 'valuation' (US$) Riddle me this. We eat $229,000 every hour, every day, year after year....
Long-term property returns derive from income and its compounding potential – that’s precisely what REITs were created to deliver During the first half of 2007, Apple launched...
As a group, UK housebuilders have produced astonishingly good financial results over the last decade. This has given their shareholders equally astonishing returns, with average...
Pumping cash into the economy was meant to make us all better off. Instead the money got locked into stocks and bonds to enrich the wealthy, while austerity made everyone else...
The markets go from strength to strength as the real world around them struggles to stay standing – surely this can’t last? There’s a childhood game, whose name changes each...
US Companies are paying shareholders more than they can afford Dividends and buybacks have exceeded free cash flow levels since 2013 Source: Capital Group. Universe is made up of...
The Restaurant Group (which I’ll shorten to TRG) joined the model portfolio in early 2016, shortly after the company published some very upbeat 2015 results. Revenues were up 8%...
The report is divided into the following sections:A summary of Fund performanc A summary of Fund performance The table below shows the average Q3 2019, YTD 2019, 3 and 5 year...