Articles
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Not all growth is equal
In this month's investment view, we explain that what is hard to achieve is sustainable growth without reinvesting much incremental capital.
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On the river bank
In this month's investment view, we revisit the Healthcare, Consumer Branded Goods and Media & Technology sectors and provide a summary of recent developments.
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On taking flak and remaining airborne
In this month's investment view, we discuss 'fashionable' technology stocks we don't invest in and how much the innovation from these new companies and industries might affect the long-term economics of the more mature, stable businesses that we do follow and invest in.
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A marathon not a sprint
In this month's investment view, we explain that we view investing as a marathon not a sprint, and our focus on risk mitigation is the way in which we pace ourselves; if you look to avoid bad losses, the returns tend to look after themselves over the long-run.
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Less stuff, more dividends
In this month's investment view, we discuss our preference for asset-light businesses that possess few physical assets but are rich in intangible assets. As a result they don't need to buy much more 'stuff' each year to drive growth.
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2013 review and outlook for 2014
In this month's investment view, we provide an overview of 2013 and our thoughts for 2014 as we proceed with cautious optimism, a long term disposition, and our usual eye to managing both fundamental risk and valuation risk within the portfolio.
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Treading carefully and onwards to 2014
In this month's investment view, we consider the better things feel in financial markets, the worse the long-term potential for future returns. This is a fact we are very cognisant of at the moment, and we are therefore treading carefully.
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Evenlode four years on
In this month's investment view, we revisit our general approach to prepare for the worst and hope for the best while discussing three key sectors for the fund.
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Mr Market's myopia
In this month's investment view, we discuss the view that history shows that investors persistently fail to value high quality business at an appropriate premium to the market averages, and as a result they persistently outperform the market averages over time
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Staying at the crease
In this month's investment view, although we know our approach may appear unnecessarily austere at certain moments, such as the last three months, there is a good reason for this - we are keen to 'remain at the crease' through the full market cycle.
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Field notes from the results season
In this month's investment view, we summarise the latest results season providing an update on three significant areas for Evenlode - consumer brands, digital information and healthcare.
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A short-lived correction
In this month's investment view, we discuss recent market volatility, positive and negative, and how that is steering our ideas for stock selection in the Evenlode Income portfolio.