The path to success in many areas of life is paved with continual hard work, intense activity and a day-to-day focus on results. In long-term investment, however, that philosophy is turned upside down.
Have you noticed the surge recently in people wandering aimlessly and staring at their smartphones? Chances are they’re playing Pokémon GO, the latest craze. It’s an activity eerily close to how some folk see investing.
The recent awarding of the Nobel Prize in economics to Professor Eugene Fama has sparked some criticism of his theory of efficient markets. Debate is a good thing, but it is always advisable to start with the right definitions. Fama’s ‘efficient markets hypothesis’ is a model of how markets behave. It was developed back in […]
The surge in stock prices around the world in the first quarter serves as a reminder that predicting market trends can be a frustrating business. Six months ago, the outlook for stock prices appeared to be fading from grim to grimmer: Politicians were wrangling unsuccessfully to craft a deficit reduction plan, Standard & Poor’s had […]
With the debate over the U.S. government debt, the debt woes in the Eurozone, and talk of a double-dip recession – suddenly fairly complex economic issues are showing up in the mainstream news. In our own conversations with clients, we recognise that sometimes the lingo used in the financial services and economic world can become […]