Dec 13, 2023 | Monthly Commentaries
“We make a living by what we get, but we make a life by what we give.” Winston Churchill In the spirit of the holiday season, we decided to forego the usual musings that we begin our commentaries with, to highlight a cause that is near and dear to us. Over the past...Nov 9, 2023 | Monthly Commentaries
“The four most dangerous words in investing are: ‘this time it’s different’.” Sir John Templeton It is an exciting time to be a bond nerd. After a few of the most volatile years we have ever seen, it now appears that we are in the midst of a paradigm shift in...Oct 11, 2023 | Monthly Commentaries
“If I had known who Godot is, I would have written it in the script.” Samuel Beckett Samuel Beckett’s famous ‘tragicomedy in two acts’ is often described as a play in which nothing happens, twice. The two protagonists, Vladimir and Estragon (Didi and Gogo), spend the...Sep 13, 2023 | Monthly Commentaries
“How long is a piece of string?” Earlier this year, in a commentary littered with bad ‘star’ puns, we wrote about the concept of r*, or the neutral rate. This is the level for the overnight rate which neither stimulates nor restricts the economy and leads to stable...Aug 10, 2023 | Monthly Commentaries
“Sometimes good things fall apart so better things can fall together.” Marilyn Monroe One of the biggest regrets investors have is overstaying their welcome and holding on to a position for too long. They either miss the opportunity to take profits before things take...
