Bubble (14)
Equities
Is this a bubble or did Santa just come to town?
We've seen a significant rally in equities recently, which almost nullifies the drawdown we saw i...
15 Dec 2021
3 min read
What conditions are necessary for a market melt-up? We think retail investors' participation is...
Last year was driven more by investor behaviour than the market cycle. In the Asset Allocation te...
ESG and long term themes
The Butterfly Effect
I’m passionate about macro investing. As long as the markets are open, I don’t think about much...
04 Jun 2018
3 min read
We are inclined to lean against the recent sell-off, which appears to be driven by excessive ...
It turns out, quite a lot. The ability of real assets to retain their inflation-adjusted value ov...
Markets are grinding higher and many investors are looking to call the top of the market cycle. I...
