Monthly Newsletter – April 2021

By |May 6th, 2021|

There has been a steady stream of news recently about the rising cost of goods sparking fears about inflation. In this month’s newsletter David looks at how the pandemic has contributed to this and explores whether labour costs, the more important factor for inducing inflation, will add to the increases in the coming year.

Monthly Newsletter – March 2021

By |April 6th, 2021|

By now, everyone knows the story of GameStop, even if they’ve never been in one of its stores to buy a video game. In this month’s newsletter, David describes how the story of GameStop, and many other similar companies, is raising the question of whether this represents a new paradigm for investing. Not surprisingly, he concludes that, while he doesn’t know how long it will last, this “internet frenzy” will not lead us to change the way we do what we do.

Monthly Newsletter – January 2021

By |February 1st, 2021|

In this month’s newsletter, David provides some perspective on the recent activity in stocks such as GameStop, AMC Theatres and Blackberry. While the actions around these may seem crazy, they are not much different than what were referred to as “pump and dump” schemes, just with a different group of promoters. He goes on to explain that, by following a tried and true approach to managing portfolios, these events in fact have no affect on us at all.

Monthly Newsletter – November 2020

By |December 2nd, 2020|

In November of 1942, Winston Churchill gave a speech which is much remembered for the following prediction: “Now this is not the end. It is not even the beginning of the end; but it is, perhaps, the end of the beginning”. History buffs will know that he was referring to Montgomery’s defeat of Rommel and the Africa Korps in Egypt, and they will also know that Churchill was largely correct. In this month’s newsletter, David talks about war against COVID-19 over the past year and how we may now be moving to the beginning of the end.

Go to Top