Insights
Lies and Statistics
A few quotes to kick off this Letter from a man I have quoted before, the philosopher who said “You...
How to Lose Money and Be Influenced by Crowds
“I will love the light for it shows me the way, yet I will endure the darkness for it shows...
Two Investment Lessons Learned in Lockdown
"The future was always more important than the past." - Paul Park In the haze of the Presidential election some...
A Market Vaccination?
“To realize the American Dream, the most important thing to understand first is that it belongs to everybody who chooses...
Why All the Gloomy Analysts Are Looking Downright Foolish
"You have power over your mind, not outside events. Realize this, and you will find strength." Marcus Aurelius The year...
How Stress Can Make You Wealthy
Looking back is important in this business. It’s those difficult time periods in the rearview mirror - the windows of...
The Thing That Drives Your Future Investment Returns
I’ve included the Yale Crash Confidence indicator below. It’s published monthly and shows us the proportion of investors who believe...
THE HUNT FOR DEAD OCTOBER
Let’s start with some quotes from my March Letter from Linlithgow which is still on our website. I encourage you...
October 2020 Amendment
Further to Steve’s recent Informing You, we would like to clarify HMRC’s position regarding the sale of second homes and...
What's coming is significant
"What's coming is significant. And it will last for decades. Those are the facts. We just have to let it...
When There’s Too Much Money on the Wrong Side of the Market
“Life is not about waiting for the storm to pass, it’s about learning to dance in the rain.” - Unknown...