Why you should never judge a book by its cover. For years we have argued that the income we receive from dividends comes with substantial...

Why betting on prices falling isn’t as easy as it looks. Hindsight is a beautiful thing, particularly when it comes to predicting market...

Why it is still better to be lucky than smart. As you purvey the current carnage in the financial markets, it’s difficult not to get...

Why crashes are a wonderful way to discern good investment strategies from bad managers. Separating the proverbial “men from the boys” is...

Why the Coronavirus may be the best thing that ever happened. It really is difficult at the moment to talk about anything other than this...

What to do when the markets are crashing. A few weeks ago, we looked at the concept of tail risk, as exemplified by the outbreak of the...

Why everything is relative when it comes to our wealth. In the middle of the 19th century, the British empire was at its grandest. All...

Why negative interest rates may be as bad as they seem. It’s the biggest elephant in the room ever, and it seems everyone has just...

The thing about gamma, is that it is very different to all the other categories of risk. Here, we want to take high risk, we want to...

Remember beta? Well alpha, is something entirely different. Instead of buy, hold, and hope for prices to go up, what we are trying to do...

Beta is very popular. Maybe that is because it is so easy to understand. We acquire assets at a price, and we hope that the value will...

The term “structured” in of itself implies complexity, and there is nothing simple about coming to terms on lending arrangements...

The first thing you notice when you look at all the ways in which to lend money to corporations, is the sheer number of the individual...

The thing about investing in government bonds is the sheer size of the asset class. Trillions of Dollars, Euros, Yen, Reals or Sterling...

There really are only two basic things you can do with your money to generate returns: either you acquire assets at a price in the hope...

How to manage the risk of everything going wrong. There it was again, the very tangible risk of something very bad happening. The...

Why everything you thought about liquidity may be completely wrong. People are obsessed with liquidity. It is the reason why UCITS funds...

Why technology has truly taken over our lives. I was sitting comfortably by my desk as my daughter suddenly came up from behind me and...

Why there is no way to passively manage our monies – there is only how much we pay for it. I find the whole debate about active versus...

Why patterns are not meant to be broken. The trend is your friend and we all know that. It simply means that until further notice,...