The Road Ahead

While we see rich opportunities in specific sub-geographies, we do not expect UK residential real-estate capital values in aggregate to keep pace with inflation.

We asked ChatGPT for some buy and sell signals. Testing its answers revealed a deeper point about the limitations of common investment heuristics.

History suggests that complacency over inflation is premature.

There are plenty of reasons for investors to feel depressed about 2023. Here are three happier notes.

Portfolio construction is an often overlooked area of finance. Presenting a light-hearted thought experiment to show why it shouldn't be.

The inflation surge ended in June 2022. Asset class performance was similar to past such periods. Want to know what typically happens next? Read on!

Inflation has left little untouched– not least some long-standing rules of the investment game.

A recession over the next 12 months seems probable. But historically how bad have recessions really been for equity investors?

Commodities have been the star performer while traditional assets like equities and bonds faltered. What to do now?

There is not a lot of upside for the S&P 500 from here, even under bullish multiple assumptions.

Investing has never been easy – and if old rules decay, it might be about to get a lot harder.

Three subjects, nine observations: what lessons can investors draw from 222 years of 60/40 performance, the anatomy of a typical bear market, and the indicators that best predict economic recessions?