We spend a lot time analysing individual companies and the industries they operate in. There are two time horizons investors are focused on predominantly. Firstly, there is the short term, which is trying to assess the earnings trajectory over the next half yearly or yearly reporting season. In a perfect... Show More
You make an investment, and it goes well for a while, but then it gets shaky. So you have to make a judgment call: Has the story changed, in which case you sell; or has the story stayed the same, in which case you hold, or buy more to exploit... Show More
The Kilauea volcano has been erupting almost constantly for the past 35 years. The current investment landscape reminds me a lot of Kilauea, with numerous ongoing geopolitical eruptions and their financial ‘lava’ threatening to recast the map of long-standing investment strategies. Show More