28 September 2018
“There is only one way to happiness and that is to cease worrying about things which are
beyond the power of our will.”
- Epictetus.
12 September 2018
Having been artificially inflated by the forces of QE and ZIRP, bonds are no longer – in our view – remotely investible. But we continue to see merit in the capital growth and portfolio insurance potential of sensibly priced ‘value’ stocks, uncorrelated funds (especially systematic trend-followers) and precious metals.
7 September 2018
Small government = low taxes = happiness.
Big government = high taxes = misery.
A wise man, that Adam Smith.
Things that go bust in the night