Remember when you used to save up to buy something which you could then call yours: films, cassettes, CDs, LPs, computer software and games for example. In return for an…

When we think of technology companies names such as Microsoft, Facebook (Meta), Google (Alphabet), Apple and Amazon immediately spring to mind. These companies started out as technology companies and are…

Some of our readers will remember the era of the private client stockbroker whose obsession was with dividends – the yield on a share, the dividend cover and the history…

As interest rates have risen in recent months several of you have been asking us to explain the different yields that are quoted in respect of fixed income investments. In…

Old Robbie Burns was on to something when he wrote: “In proving foresight may be vain: The best laid schemes o’ Mice an’ Men Gang aft agley An’ lea’e us…

We hear a lot about inflation and its impact on living standards and interest rates, but what about growth? Whilst the world is fixated with the short-term inflationary picture, we…

The Sunk cost fallacy occurs when we have invested a lot of time, money, energy, or indeed love, in something and we persist in it even though it is a…

Tacit strategies have historically had a significant allocation to US Dollar assets, be they equities in the Growth element or US government bonds in the Stabiliser. The unique role of…

The 19th century English polymath, Charles Babbage, widely regarded as the “father of the computer, once remarked that “Errors using inadequate data are much less than those not using data…

Humility is at the heart of sound investment.   This isn’t a virtuous choice on our part, nor are we meek or particularly self-deprecating. It’s simply a clear-eyed acknowledgment of…