Reading Time: 7 minutesIt’s that time of year. I’m pretty skeptical of market outlooks, generally they either end up being a nowcast, or get thrown out before the ink has dried (see: 2022 forecasts), or they reiterate a bland consensus which isn’t useful or they are too vague or they tell you more about the forecaster than anything … More Not another 2023 outlook …
Reading Time: 4 minutesFull article on LCP Vista at lcpuk.foleon.com I’m talking about voting but don’t worry! It’s nothing to do with the latest UK prime minister or US mid-terms. I’m talking shareholder voting. Getting to grips with shareholder voting in 2022 Should Sainsbury’s match workers’ pay to the Living Wage foundation? Should Tesla report on child labour … More Your Vote Matters
Reading Time: 2 minutesA few things about investing decisions … And a few I’ve learnt along the way 👇 1. Frameworks ground investment decisioning in a complex noisy world. VaR is a framework, returns are a framework. Loads of other possibilities, but you need something. 2. One of the most useful things you can do in investment is … More A few things I think I know
Reading Time: 3 minutesThe scale of the big UK DB pensions asset reshuffle of 2022. I was wondering, can we use public data to get a rough handle on numbers and scale of the asset movements triggered by recent market events on a rainy Sunday? I think we can. Summary 🔄£270-380BN asset flow needed to rebalance (workings below). … More The Big DB Pensions Asset Reshuffle
Reading Time: 9 minutesWell well well. I’m sat here on a Sunday afternoon at the end of quite a week. Heading into the office Monday morning I had little idea that we would potentially be caught up in a serious market event that had global ramifications, and at the heart of it all would be the risk management … More LDI: how we got to now
Reading Time: 5 minutesTl;dr Can your podcast app be more valuable than an MBA? It might. I’ve done the hard work so you don’t have to. Follow these 8 things to cut through the noise and get incredible access to knowledge & thinking to supercharge your investment career. Recently joined the investment industry? Congrats and welcome, you’re going … More New to the investment industry? Eight things you must follow 2022 edition
Reading Time: 4 minutesThe 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 minutesWhen 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 minutesYou 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: 3 minutesHere’s a few of my top recent highlights for you, a few that are on the go, and a few I’m lining up for that summertime reading list. The Bond King (Mary Childs). Exhilarating, pacy and balanced romp through the weird and wonderful world of Bill Gross and PIMCO from the 70’s to the present … More So, what are we reading this summer?
