Month: March 2020

What The Smart Money Is Thinking Now – And Why You Can Do Better

Smarter than smart money

Even in normal times, a big chunk of my days is spent in conversations with what is sometimes known as “smart money”. On the asset management side, this includes active money managers like Fidelity, Legal & General, Invesco, and many other household names. They often hold large positions in companies that we represent, so an …

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Have No Fear – Surviving And Thriving In A Recession

Thriving in a recession

As recently as two weeks ago, the prevailing macro view was that while the impact of Covid will be severe, the recovery will be V-shaped. That is, a sharp decline would be followed by an equally strong rebound in economic activity and asset prices. Fast forward to today and the likelihood of a V-shaped recession …

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What Happens Next

What happens next?

It’s official. We’ve gone from what seemed like a nasty, yet temporary wobble in the markets to a full-blown crisis. The true scale of the damage to the world economy is unknown so far, but it’s clear the situation is more complex than it appeared at first – and will likely get worse before it …

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Learning From The Best

Always be learning

When it comes to financial self-education, you can hardly do worse than spend one hour a year reading Warren Buffett’s annual letter to Berkshire’s shareholders. Informative, entertaining and thought-provoking, Buffett’s letters are a far better source of information and advice than 99% of the financial media out there. And unlike the financial media, Buffett’s advice …

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