Trust to girl power in 2020….

Tuesday, 26th November 2019

Trust to girl power in 2020….

After the global financial crisis of 2008/09, Christine Lagarde, chief of the International Monetary Fund, made some comments that enjoyed wide circulation. She said this….

‘I do believe women have different ways of taking risks, of addressing issues…. of ruminating a bit more before they jump to conclusions. And I think that as a result, particularly on the trading floor, in the financial markets in general, the approach would be different….’

The comments did not represent an outright condemnation of the entire male species nor any individual member of it….

But the insinuation was clear: had more women been at work in senior positions on Wall Street and in other financial centers around the world, the crisis probably wouldn’t have happened….

  • Lehman Sisters?

Once the crisis had been digested, many top-level bankers attended the World economic Forum in Davos, Switzerland….

They had an interesting debate around a hypothetical question: had Lehman Brothers (one bank that crashed and burned during the crisis) been Lehman Sisters, would it still have failed as it did?

The consensus opinion among the bankers was that Lehman Sisters would not have made quite so much money as Lehman Brothers did during the boom times, but that Lehman Sisters would still be in business today….… Click here to read more

Party on, investors!

Tuesday, 12th November 2019

Party on, investors!

It would demoralize the mountaineer….

Enough, we imagine, to make him tear off his backpack in frustration and hurl it into the ravine….

But, if the stock market is your game, it is the gift that keeps on giving….

Just when you think you’ve reached the ultimate peak an even higher summit rises up out of the mists….

  • The winning formula….

Over in the US last week, the Dow Jones Industrial Average jumped more than 100 points to a new record high….

The other two major US indexes are also at – or as close-to as makes no difference – record  highs….

Across 2019, the Dow Jones Industrial Average has added about 17% in value….

The Nasdaq composite is up close to 26% over the same period. The S&P 500 has gained about 23%….

Even a fool could make money in this climate. Many have. The stock market can do no wrong. It has done no wrong for a decade and more….

The winning formula could be taught to children in primary school….

Trust to corporate America, throw your money into the stock markets and then sit back and watch that money grow….… Click here to read more

The laws of the universe remain in force….

Tuesday, 29th October 2019

The laws of the universe remain in force….

Poor old Neil Woodford….

He flew so high. His star burned so bright. He was a master of the universe….

He had it all – in spades – and then some….

The big name, the sterling reputation, the rave reviews, the Midas touch….

The massive earnings, the splendid houses, the flashy motors, the horses and the stables….

  • Simply the best….

But all that was back then – back in the days when Woodford was a wunderkind with his finger on the pulse of the markets….

 

…. Back in the days when Woodford could do no wrong – when Woodford’s stellar record as a stock-picking broker at Invesco was still up-front, in-your-face and fresh in the mind….

…. Back in the days when he was still building the legend that saw him turn every £10,000 invested in the fund which he managed into a princely £255,000 over two-and-a-half decades….

The shaven-headed operator – who preferred wearing jumpers and jeans to the usual city-boy attire (so cool!) – made ordinary investors rich. No other fund manager could live with him.

He was the financial world equivalent of a galactico.… Click here to read more