January 09th, 2017

​”An Investment in Knowledge pays the best Interest” (Benjamin Graham)The first month of the new year / decade comes to an end. The background noise of Brexit and Impeachment is still there but as has been the case, has had very little impact on markets. But now we have Coronavirus…a world pandemic??…market performances for January..  Jan…

​No production without a need. But consumption reproduces the need (Karl Marx) ​January has come to an end and until the last couple of days we started 2017 in the same way we finished 2016….all very positive with the Trump effect continuing to stimulate the markets. The Dow Jones broke the 20,000 mark for the first…

​”The Opportunities that everyone cannot see are The Real Opportunities”  (Jack Ma)So Quarter one of 2019 has now been and gone. Best performing first quarter in the US in a decade and with the exception of a small drop in the Nikkei, major markets posted their third positive month in a row…so all good…data being…

“There are known knowns. These are things that we know. There are known unknowns. That is to say, there are things that we know we don’t know. But there are also unknown unknowns. There are things we don’t know we don’t know.” (Donald Rumsfield) ​ So we head into November with two months to go until…

“SHOULD YOU FIND YOURSELF IN A CHRONICALLY LEAKING BOAT, ENERGY DEVOTED TO CHANGING VESSELS IS LIKELY TO BE MORE PRODUCTIVE THAN ENERGY DEVOTED TO FIXING LEAKS”(Warren Buffet)Yet another month has passed us by and I think it is fair to say that markets in general are still struggling to find their direction. We are of…

​”Using volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital 2) the risk of an inadequate return” (Charlie Munger)So the first month of 2019 is over. Regular readers will know that when it comes to the markets I hate predicting. Thats not to say though…