News flash News Flash - Game of Shapes

News Flash – Game of Shapes

Since the heavy crash and subsequent rally in global equity markets in the first half of this year, many investment market participants have been asking about the extent and timing of the recovery from the rapid and devastating impact of the fight against the spread of the Covid-19 virus. These questions are often based on…

News flash News Flash - The Enemy Lies Within

News Flash – The Enemy Lies Within

This week bore witness to various political leaders pursuing personal and party agendas above all else, risking the prosperity of their own countries in the process. From the closure of US and Chinese consulates, to President Trump’s protectionist election campaign, and President Xi Jinping’s clashes with India, Britain, Canada, and Australia, the scale of disruption…

News flash News Flash – The Elephants in the Room

News Flash – The Elephants in the Room

This week saw global equity markets rise once again, in defiance of worsening economic fundamentals and forward earnings forecasts, primarily caused by the Covid-19 pandemic. To explain this paradox, we have included a link to a piece by Robert J Shiller, an American economist, entitled “Understanding the Pandemic Stock Market.” Further underlying our cautious approach…

News flash News Flash - Speculative Investing

News Flash – Speculative Investing

“The individual investor should act consistently as an investor and not as a speculator.” – Benjamin Graham, a British-born American economist, professor, and investor   Benjamin Graham’s statement was made in the context that the future is very difficult to predict and that decisions should be based on real facts and analysis rather than risky,…