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Informing You
Letters from Linlithgow
Letter from America
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By Mike Williams | 21st September 2016

The Lighter Side of Market Volatility

Office pools appear split on whether a 25-basis point hike in interest rates will kick-off Armageddon, or a yawn and...
By Mike Williams | 16th September 2016

Market Action vs Correction

The weekend following the 400 point Dow Jones loss was portrayed like Armageddon had suddenly arrived and risk littered every...
By Mike Williams | 16th September 2016

The Old Measures Hiding New Growth

A lot of people feel the need to always have a sense of fear about what's next when it comes...
By Mike Williams | 16th September 2016

The Dow Jones Drop? Put Away Your Sharp Objects

Fifteen years ago Sunday the entire world was numb. Most were transfixed to their television screens as the fires from...
By Mike Williams | 9th September 2016

Investing, So Long As Men Are Men…

“The events of future history…will be of the same nature-or nearly so-as the history of the past, so long as...
By Mike Williams | 8th September 2016

Understanding Capitalism

Capitalism: "An economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth...
By Mike Williams | 7th September 2016

Up, Down or Nowhere At All

Over the weekend, Barron's were talking about preparing for the coming bear market, saying they’d interviewed 10 top Wall Street...
By Mike Williams | 7th September 2016

The Path Behind Us

I was thinking about how 2016 has rolled out thus far in market and economic terms. Remember where we began?...
By Mike Williams | 6th September 2016

An Out-Of-Body Investor Experience

The “September is worse for markets than October” chatter has begun in earnest. And this time round it just might...
By Mike Williams | 1st September 2016

Good News Gone Bad

How to turn good news bad: There’s been solid US jobs growth…but the doomsayers are saying, "But it's all in...
By Mike Williams | 15th August 2016

Market Misdirection & Underestimation

Misdirection: "It is a form of deception in which the attention of an audience is focused on one thing in...
By Mike Williams | 3rd August 2016

The Wizard Behind the Curtain

Markets continue to churn through earnings as the annual August doldrums lie dead ahead. That feeling of walking in quicksand...
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Alan Steel Asset Management
Alan Steel Asset Management Ltd is authorised & regulated by The Financial Conduct Authority (FCA No: 114423).
Registered in Scotland SC058014. Registered Office: Nobel House, Blackness Road, Linlithgow, West Lothian, EH49 7HU. Please note that the Financial Conduct Authority does not regulate some forms of tax advice.
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