The Tacit Investment Strategy Group meets every quarter with the sole purpose of taking a long view on the global economy and global asset markets. In a world where daily…

The imminent General Election will be the 12th since Margaret Thatcher’s epochal win in 1979. Of those elections Labour or “New Labour” won three and the Conservatives won eight, albeit…

When investing you can focus on two types of risk: volatility and the risk of a permanent impairment of your capital. Volatility often refers to the amount of uncertainty or…

The primary role of the state is widely regarded to be the “protection of its citizens” either from themselves (internal order) or military defence (external aggression). History suggests and contemporary…

How wealthy you feel at any point in time is affected by many factors. Despite being wealthier than they were 20 years ago, many people still feel financially poorer today.…

In 2021, the latest period for which figures1 are available, the UK registered 694,695 live births. In the same period, 666,629 deaths were registered generating a net domestic increase in…

Artificial Intelligence (AI) has become one of the most searched for terms on the internet over the past year. In reality most people do not really understand what AI actually is,…

The Tacit investment process is biassed towards companies that exhibit strong cash flows and can grow these cash flows irrespective of the economic environment which prevails globally. This approach can…

It is, perhaps, hard to believe that the 5-year anniversary of the Covid pandemic will occur later this year. The clue is to be found in the number 19 since…

Investors, just like everyone else, tend to focus more on what's happened recently rather than looking at the bigger picture. This tendency is known as recency bias, and it can…