Reading Time: 4 minutes The Chartered Alternative Investment Association (CAIA) wrote an intriguing piece on the Portfolio for the Future, including 5 specific characteristics >> Diversification Private capital Fiduciary responsibility Actively engaged / Universal Owner Operational alpha We spoke to John Bowman about all this and more, here’s what he had to say ( web | apple podcasts ) … More The Portfolio of the Future
Reading Time: 2 minutes When you get chance to chat to renowned author and researcher Michael Mauboussin you take notes! You can listen to our full conversation right here (or here in apple podcasts or spotify), and below are my 6 main takeaways Investment Uncut · S3 Ep. 41 Multiples are not valuation with Michael Mauboussin 1. Expectations investing … More 6 Investment Frameworks from Michael Maouboussin
Reading Time: 9 minutes You don’t need me to tell you we’re in a bear market here. Those are fairly common. The slightly more unique feature of this one is that bonds are also in a bear market alongside equities. Is that a surprise? Not sure, it’s been predicted every year since about 2012 so in some ways it’s … More Bonds are Back: Navigating the bond bear market & 5 questions you should be thinking about.
Reading Time: 2 minutes We’ve asked this question to nearly 100 different guests on our pocast, Investment Uncut (subscribe here apple | spotify ) including investing legends like Rob Arnott of Resarch Affiliates, Charles Plowden of Baillie Gifford, fund researcher Deb Clarke, Professors like Allison Schrager, Ludovic Phallipou and Alex Edmans and authors Robin Wigglesworth, David Ricketts and Joe … More A Question: What is The Most Underappreciated Thing in Investing?
Reading Time: 7 minutes I’ve realised that, when working in Responsible Investing, you can burn up an awful lot of energy and time responding to the same old tired arguments again – time that’s usually better spent elsewhere. That’s why on Friday when the video emerged of HSBC AM’s head of responsible investing Stuart Kirk’s now infamous FT speech … More What Stuart Kirk could have said …
Reading Time: 11 minutes Just because there’s noise around responsible investing doesn’t mean there isn’t substance. But the biggest risk to the movement right now is greenwashing by asset managers and others that’s taking place out there, every month, every day. While the intent is not malicious, it undermines the foundations of a movement that is genuinely starting to … More Greenwashing away trust
Reading Time: 5 minutes Here’s my latest fortnightly real talk markets newsletter, in this edition: Q1 mumble, inflation, climate, the new triple-peak workday and Bill Gross is still standing. If you like it, please subscribe over on substack: How’s your week? I got followed by the real Bill Gross on Twitter y’all. So it’s been that kind of a … More Transitory inversion
Reading Time: 7 minutes Words like turning point and uncharted territory are easily overused in investing. No-one rings a bell at the top or bottom, and it’s always different this time, so usually they are no help. But it’s probably fair to say that 2022 is shaping up to present one of the more challenging periods investors will have … More Investing in a time of inflation: what they don’t tell you
Reading Time: 7 minutes I hereby call a meeting of the FAANG inclusion committee, on the agenda: Decade in review: how we the committee became one of the best stockpickers in the world Additions / deletions: Netflix Nvidia Microsoft Tesla Facebook/Meta 3. Two radical proposals for the future of the committee: 3.1 Renaming as GAMA 3.2 Dissolution of the … More Convening the FAANG committee
Reading Time: 5 minutes A reader asks: how do stockmarkets typically do in high inflation / interest rate rising environments (asking for a friend). You can see why the question is being asked: It’s the question we’re all asking right now (or should be). It’s funny sometimes when something that has been so widely predicted / talked about, actually … More Asking for a friend