Blog
Story Of You
Fund managers appropriately pay attention to many stories on a variety of subjects: the valuation story for a stock, the [...]
Performance Stories
Each month’s performance number gives rise to a series of stories. These performance stories are the meaning that you and [...]
Intuition
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 [...]
Competing Commitments
One of the things that unites disparate groups of people in the investment industry is their ambition. Every active fund [...]
Interview April 2020
I was interviewed by HedgeNews Africa for their First Quarter 2020 edition. The title of the article was, "Deal With [...]
Screen Watching
Changes in the prices of securities can take various forms: choppy volatility, extended trends, sudden reversals, melt-ups or crashes. And [...]
Weakest Link
Sudden big price moves can trigger in you a neurobiological and psychological chain reaction that results in errors of judgement [...]
Dangerous Opinions
Market commentators do not care one jot whether their opinion helps you to capture alpha. Their primary objective is to [...]