“Doubt is not a pleasant condition, but certainty is an absurd one.“ – Voltaire As world equity markets continue to hit new record highs, so the mutterings of ‘experts’ forecasting the next crash grow louder and louder. Of course, at some point, equity markets will suffer a fall – history...

Robert and I recently attended two conferences in the US.  Taking time out of the office to attend any conference must always be carefully considered as to whether it will be a good use of our time. ...

Well, it’s ended up being an ‘interesting’ week, hasn’t it? Here are a few distractions for you…. Charts don’t always show the full picture – [3 min read] I’ve recently started to study the Stoics. One of their philosophies was the practice of Inversion. Interesting stuff when applied to our...

“Anything that just costs money is cheap.” ― John Steinbeck A few weeks ago, Dimensional Fund Advisors carried out a global survey of the clients of the financial planning firms with which it works.  We asked our clients to take part in the (anonymous) survey and we are very grateful...

“An individual without information cannot take responsibility; an individual who is given information cannot help but take responsibility.” Jan Carlzon “Imagine that there is a loose panel in the passenger compartment of the New York to Los Angeles airplane.  The panel has a sharp, protruding edge that...

Today marks the day that President-elect Donald Trump will take the oath to become the 45th President of the United States.  Prepare to add a new word to your vocabulary – paltering. [4 min read] Theory and practice. There’s a difference between knowing something in theory, and the knowledge you...

Snippets that have caught my eye this week from around the web…. This study of Amazon’s share price history illustrates just how hard it is to spot the next big thing. And on a similar theme, how did the experts get on with their forecasts in 2016? Some good news...