If you’ve got a spare 30 minutes or so, do have a listen to my Citywire podcast interview with Dan Grote and Gavin Lumsden. I probably sound a bit bearish, which isn’t really quite accurate. Cautious would be my favourite… Continue reading →
Three big picture stories caught my eye today. First up, Janus Henderson have just released their newest survey, this time looking at corporate leverage. The headline is salutary – company borrowings around the world surged to a record $8.3 trillion… Continue reading →
One of my favourite sleight of hands when talking to investors is to show the chart below (courtesy of Sharepad). It demonstrates the historic under performance of the UK’s FTSE 100 index compared to the equivalent US benchmark, the S&P… Continue reading →
I’ve always been drawn to the old Warren Buffett idea that one successful way of minimising risk through investing is to out money to work in businesses which have a substantial competitive moat of advantage. For Buffett that notion of… Continue reading →
I tend to think that Robin Milway, manager of the Arbrook American equities Fund has taken on something of an thankless task. His relatively new fund aims to invest in a broad range of larger cap US equities, in a… Continue reading →
There’s an interesting few observation in a note on Asian equities from the SocGen quant team today. They note that even in Asia, “as equity markets march ahead, we see realized volatility remaining elevated, running almost 20 points higher than… Continue reading →
As we all grimly expected, the Covid 19 pandemic is now working its way through hotspots in the developing world. We’ve heard about ‘challenges’ and possible under reporting in Russia but what about the other former Soviet Union nations? Renaissance… Continue reading →
You can find out more about my Dynamic 35 and Prudent 15 lists here at Sharepad – https://knowledge.sharescope.co.uk/david-stevenson/ Investing should really be about simplicity. Take global investing. Nearly every investor should have some exposure to a globally diversified mix of developed… Continue reading →
A number of interesting big picture thoughts, all linked by the idea that overpriced US Tech stocks might start to face some competition from cheaper alternatives. We start with the macro driver which could be a weakening US dollar. Now,… Continue reading →
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