Self-delusion – don’t underestimate its effect on markets
Boris in his bunker is a great example of delusion. Eventually those who do not know themselves get sniffed out. Its happening in markets - speculation is dead. Common sense is back.
Blain's Morning Porridge
Financial Commentary for Smart People
Blain's Morning Porridge
Financial Commentary for Smart People
Tag Disruptive investment
Christmas Special 2: Will ARK prove to be 2022’s first Financial Trainwreck?
Cathie Wood of ARK is in the headlines for an ill-judged investment commentary. Could ARK be headed for the wall as its disruptive investment strategy of buying illiquid companies that sacrifice profits to be part of the “innovation age” crashes? Watch this space…
The rules of Great Investing keep changing
There are many very clever investment firms – Baillie Gifford takes a long view to recognise and consider the future and trends, while Bridgewater is taking a view on inflation and rates. But, what if the most important factor likely to drive long-term returns proves to be the destabilising consequences of the last 10-years of interest rate repression and the distortion of rules, regulations and fads? These could prove the “no-see-ems” that tumble markets!