John Maynard Keynes identified something in economics that he called ‘the paradox of thrift’. If you or I save money and pay down our debts, then...

As previously discussed in this monthly, we have increasingly moved away from smaller companies and more economically sensitive businesses, and towards high quality blue...

What a difference four months makes. Our update at the beginning of September (What You See Is What You Get) focused on the unsung value creation...

Year to date, the smaller companies sector has been a resilient place to invest. Although the broader market is up this year there have been three significant...

Ben Bernanke on the latest round of quantitative easing, November 4th 2010:

From the perspective of an individual business, we believe there are three critical aspects to growth:

The macro-economic risks that lurk in the shadows of financial markets at present are serious ones, and we are treating them with due...

When economic times were better, ‘restructuring’ was a dirty word in the lexicon of executive management teams. Nowadays, as our new Chancellor would put it, we are...

“The more sophisticated electric utility maintains – perhaps increases – the quarterly dividend and then asks shareholders (either old or new) to mail back the...

In February we mentioned three headwinds that we see as recurring motifs of the current investment landscape – sovereign default risk, political interference and Asian overheating (most acutely...