There could be a permanent reset of company behaviour
In a week when Shell surprised the financial markets by cutting its dividend for the first time since the Second World War, we discuss the impact of that decision on equity income investors and debate whether this marks a potentially important change of direction for the way that companies manage their balance sheets. That leads on to a review of recent developments in the corporate bond market after its near death experience in the second half of March. You can listen to the podcast by following this link or on the Moses and Methusaleh website.
Peter Seilern is the founder and majority shareholder in Seilern Investments, which has $1.5 billion funds under management and a strong record of outperformance over many years. The quality growth investment style his firm’s funds have followed for 30 years are explained at length in his book Only The Best Will Do.
Founder, Money Makers
Jonathan Davis was a financial journalist on The Times of London, The Independent and other national titles before becoming a professionally qualified professional investor. He is the author of several books on stock market investment and the editor of the annual Investment Trusts Handbook.