Global Diversification: Highly Desirable for Long Horizon Portfolios
An investment operation is a business of dealing with uncertainty. What makes it much more turbulent is that financial markets cycle through periods of...
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An investment operation is a business of dealing with uncertainty. What makes it much more turbulent is that financial markets cycle through periods of...
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“An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative.” –...
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“An explanation is a statement of what is there in reality and how it works and why. But the important distinction is between a...
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In our previous article, we discussed the tendency of equity market returns[1] to mean-revert with periods of high returns followed by lower returns and...
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In our previous article, we highlighted the mean-reverting nature of investment returns from equities. The data showed that periods of high realised 12-year returns...
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“Investors should always keep in mind that the most important metric is not the returns achieved but the returns weighed against the risks incurred....
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In an environment of financial repression, where fixed income investors are not being compensated from real risks and could face a material erosion of...
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Alfa Laval, one of the businesses we own at the Global Moats Fund, is an interesting business. The company operates within three business areas,...
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The last few decades saw significant shifts in the global production supply chain with production incrementally shifting from developed countries to emerging countries. The...
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