Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust and market news - Recent issuance and buybacks - Good reads - Videos and other content - Trust price and NAV performance - Z-scores - Investment Trusts Handbook - Appendices
What's new this week This week on the podcast, I take a deep dive into the outlook for commercial property with Richard Shepherd-Cross, founder and manager of Custodian Property Income REIT (CREI). The commercial property investment trust sector has halved in the last few years through consolidation. Does it ...
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Financial historian Edward Chancellor, author of the definitive history of past speculative excesses, from the South Sea Bubble onwards, explains why the shares of AI companies are not performing as well as their reported earnings suggest. This article is reproduced with the author's permission.
The profit boom unpicked The artificial intelligence generated by large language models is breathtaking. Equally wonderous is the financial alchemy that accompanies multi-trillion-dollar investments in AI infrastructure. Capital spending is instantaneously transformed into profits, even as the econ...
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Financial historian Edward Chancellor, author of a definitive history of past speculative excesses, from the South Sea Bubble onwards, says that President Xi is turning the Chinese economy around. This article is reproduced with the author's permission.
Market remedies for a command economy China’s economy has lost its growth mojo. Many overseas investors have fled the People’s Republic for the booming markets of neighbouring Taiwan and Korea. Yet on closer examination, the conditions are ripe for a Chinese bull market, the like of which has not been seen since the Shanghai Stock Exchange ...
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Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust and market news - Recent issuance and buybacks - Good reads - Videos and other content - Trust price and NAV performance - Z-scores - Investment Trusts Handbook - Appendices
What's new this week This week on the podcast, I talk to Richard Staveley, the manager of Rockwood Strategic (RKW), the best-performing UK small-cap trust over all recent periods. We go over some of his recent buys, talk about what he expects from the Budget (spoiler alert: nothing) and the outlook for the se...
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Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust and market news - Recent issuance and buybacks - Good reads - Videos and other content - Trust price and NAV performance - Z-scores - Investment Trusts Handbook - Appendices
What's new this week Investors in investment trusts are always on the lookout for catalysts that could potentially lead to a rerating and a more positive market view about specific trusts. On the latest Money Makers podcast, I talk to Alec Letchfield, the lead manager of Hansa (HAN), a £650m market cap trust ...
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Exclusive to subscribers to the Money Makers Circle Contents - What's new this week - Latest trust profile - Trust and market news - Recent issuance and buybacks - Good reads - Videos and slides - Trust price and NAV performance - Z-scores - Investment Trusts Handbook - Appendices
What's new this week This week on the podcast, I talk to Georgina Brittain, the long-serving manager of J.P.Morgan UK Small Cap Growth and Income (JUGI), about recent developments in her still unloved UK equity sector. As the steady departure of companies to overseas and private buyers continues, what does she hope...
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The rivalry between Silicon Valley's leading lights over AI is symptomatic of a fundamental human flaw, says financial historian Edward Chancellor, author of a definitive history of past speculative excesses, from the South Sea Bubble onwards, and The Price of Time, a brilliant book about the folly of sustained low interest rates. Reproduced with the author's permission.
Human nature at work - beware! Economic theory posits that utility arises from within the individual; corporations aim to maximise profits; and investors seek the greatest returns for a given level of risk. But none of thes...
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It is too late to jump on the bandwagon that has driven shares in chip manufacturers through the roof, says financial historian Edward Chancellor, author of a definitive history of past speculative excesses, from the South Sea Bubble onwards, and a brilliant recent book, The Price of Time, about the folly of sustained low interest rates. This article is reproduced with the author's permission.
Shares in semiconductor stocks have been surging As investment in artificial intelligence surges, demand for semiconductors has gone through the roof. Prices for logic and memory chips have climbed fa...
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Indexing has become such a large part of the market that it can no longer be called passive investing, says financial historian Edward Chancellor, author of a definitive history of past speculative excesses, from the South Sea Bubble onwards, and a brilliant recent book, The Price of Time, about the folly of sustained low interest rates. This article is reproduced with the author's permission.
Goodhart's Law is at work again Goodhart’s Law states that when a measure becomes a target, it ceases to be a good measure. The British economist Charles Goodhart came up with the idea in the mid-1970...
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Looking for the losers from technological change is a more certain and profitable business than trying to pick the winners, says financial historian Edward Chancellor, author of a definitive history of past speculative excesses, from the South Sea Bubble onwards, and a brilliant recent book, The Price of Time, about the folly of sustained low interest rates. This article is reproduced with the author's permission.
Markets have poor scorecard for spotting AI losers When a groundbreaking new technology arrives, it’s often easier to spot the losers than the winners, says the author and investo...
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