An examination of the historical equity risk premium, return variability and mean reversion, with a focus on how investment horizons can influence the characteristics of…
A comparison of financial assets and real estate, exploring liquidity, price visibility, investor behaviour and the effects of changing interest rates on asset valuations.
An examination of the relationship between inflation, interest rates and equity returns, considering how changing economic conditions can influence valuations and the equity risk premium.
An examination of the interaction between inflation, interest rates and equity markets, and a critical assessment of prevailing market expectations.
A discussion of the distinction between long-term investment strategy and shorter-term tactical decisions in the context of changing market and economic conditions.
An examination of market timing and the challenges involved in anticipating both market declines and subsequent recoveries, viewed in the context of long-term investment strategy.
An exploration of economic rationality, market equilibrium and behavioural influences, considering the differences between theoretical models and observed investor behaviour.
A reflection on established investment principles in light of recent market events, examining diversification, uncertainty, risk and the importance of investment horizons.
An examination of value and growth investment styles, their historical characteristics and the economic and market factors that can influence their relative performance over time.
An exploration of behavioural finance and the cognitive biases that can influence investment decisions, including the effects of emotion, overconfidence and market sentiment.
An examination of investment horizons, compounding and historical equity-market behaviour, highlighting the differences between short-term market fluctuations and longer-term fundamental developments.
An examination of the role of dividends in equity investing, including their contribution to historical total returns, income generation and long-term compounding.
A review of historical evidence on equity, bond and cash returns, examining the relationship between investment horizon, volatility and the historical equity risk premium.
A retrospective look at investment conditions during the 2008 financial crisis, illustrating the uncertainty, volatility and decision-making challenges that can arise during periods of severe…
An examination of historical recessions and bear markets, highlighting differences in their causes, duration and market impact and the limitations of treating every downturn in…
A discussion of long-term investment, economic progress and investor expectations, considering the relationship between risk, uncertainty and participation in productive assets.
An examination of the distinction between strategic asset allocation and shorter-term tactical positioning, and the different roles they can play within portfolio management.
