‘The most treasured asset in investment management is a steady hand at the tiller.’
Robert Arnott. – Founder and CEO of Research Affiliates
Hung Parliament
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As dawn breaks, the morning light reveals yet another political gamble that has not paid off for the dice roller.
These Foolish Things
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“If I have learned anything in my 52 years in this marvellous field, it is that, for a given individual or institution, the emotions of investing have destroyed far more potential investment returns that the economics of investing have ever dreamed of destroying.”
John C. Bogle, Founder of the Vanguard Group
Human Capital
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“Human capital should be treated like any other asset class; it has its own risk and return properties and its own correlation with other financial asset classes.”
Ibbotson, Milevsky, Chen and Zhu (2007)
+21.28%
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Certain about Uncertainty
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“Democracy is the worst form of government, except for all the others.” Churchill
BE.MORE.TORTOISE.
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“You may deride my awkward pace, but slow and steady wins the race”
Robert Lloyds – The Hare and Tortoise, 1757. A Fable.
The Fall and Decline of Buy-to-Let
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‘Short of attacking them with flame-throwers, or impaling them on stakes,
it is hard to know what else the Bank and the government can throw at landlords.’
Daily Telegraph, 31st March 2016
The outcome of the EU referendum and your portfolio
by Millen Capital on
With the UK’s referendum vote on whether or not to remain in the EU almost upon us, this note looks at the impact that BREXIT could potentially have on client portfolios.