Our insights

Launched on 19 March 1868, the original managers set out to offer small investors the chance to share in the opportunities to put their capital to work across the world. Today, 150 years later, the…

While shares calmed swiftly, it unnerved many investors who were concerned at the trigger for this sudden correction. Behind the slump in sentiment was some payroll data from the US that suggested…

Cooper Companies (Cooper) is an S&P 500 US-based business. It is made up of two divisions; CooperVision (c.75% of revenue) and CooperSurgical (c.25%). CooperVision is higher margin and therefore…

Broadly there seems to be a consensus that there will have been a 50-fold increase in size by 2020, reaching in excess of 2.5 exabytes produced every day – which equates to approximately 90 years of…

At the beginning of February the question on the lips of investors was whether the return of volatility presaged an end to the bull market or was merely a correction, following a sustained period of…

The publisher of Talking Food Magazine refuses to countenance any word other than ‘pudding’. He has a point: it’s a good strong down-to-earth word with nothing but positive associations. However, it…

The only caveat to that would be Europe’s possible need to punish the UK “pour encourager les autres” from wanting to leave. The worry of the Italians leaving the euro has receded as both Germany and…

In a world where traditional terrorist threats tended to be group based and focused on destruction to property, we are now witnessing “cultish terrorism” and extremists focusing their efforts on mass…

We are clearly living in unprecedented times and in a new paradigm where “Cold War” has been replaced by “Hot Peace”. A paradigm where we have gone from a bi-polar world to one of multiple asymmetric…

Clipper Logistics (Clipper) run a predominantly UK based business focused on returns, delivery, packaging, and click and collect services. When an item is ordered online from one of a number of…

The simplest definition of beta is that it is a measure of risk. Whilst I won’t derive the mathematics from first principles, it is worth saying that it is calculated by taking the correlation of an…

Well, time has moved on and, whilst I have not joined the Labour Party, I am certainly keen to understand its policies and where they are heading. In particular whether the Labour Party is painfully…

We have seen excessive returns from stock markets over the last few years comfortably above long term returns over a twenty year period, which have averaged nearer 6%-7%.