Newdigate Insights
Alpha & Pain
The traditional risk/return framework looks something like this: Return. To generate returns that are different to the market portfolio (hopefully [...]
Competitive Advantages
Your Friday night poker game is going to be a costly form of entertainment unless you’re clear on three variables: [...]
Psychological Storms
Portfolio diversification is supposedly as close to a free lunch as you’re likely to get in the investment industry. The [...]
Dealing With Data
There is a vast amount of economic and financial data that is released every trading day. And the schedule for [...]
You’re The Star
Investment professionals pay attention to stories on a variety of subjects: the valuation story for a stock, the growth story [...]
Narratives Affect Numbers
Each month’s performance number gives rise to a series of stories. These performance stories are the meaning that you and [...]
Trust Your Gut?
There is a pervasive myth in the investment-management industry that there is a select group of highly successful fund managers [...]
Investment Debate
All investment teams debate ideas, but few teams do it really well. Naturally, poor quality debate leads to poor quality [...]
Free Alpha
Changes in the prices of securities can take various forms: choppy volatility, extended trends, sudden reversals, melt-ups or crashes. And [...]