Tim Price

Why gold matters

Why gold matters

12 mins. to read

We face grave threats and growing uncertainties within the financial markets. Gold doesn’t solve all of the world’s problems – but it’s a start, writes Tim Price.

The problem with growth

The problem with growth

7 mins. to read

One of the most influential things I have ever seen is a presentation on YouTube. Its formal title is Arithmetic, Population and Energybut it is described, for once, I think, without too much exaggeration, as The most important video you’ll ever see. You can judge for yourself and watch it here. The presenter is the…

Ice age for the perma-bears

Ice age for the perma-bears

8 mins. to read

For many fund managers, the arrival of January means primarily one thing: the latest investor conference from the Société Générale team of perma-bear analysts, led by Albert ‘Ice Age’ Edwards. In fact, this description is somewhat unfair, given that Albert’s two bearish partners in crime, James Montier and Dylan Grice, have both gone on to…

The only 2 words you need to know in 2018

The only 2 words you need to know in 2018

7 mins. to read

To Benjamin Braddock (Dustin Hoffman in Mike Nichols’ film The Graduate), the well-meant one-word piece of advice was “plastics”. To the godfather of value investing, Benjamin Graham, the well-meant three word piece of financial advice was “margin of safety” – and that one happens to have lasted the test of time. Faced with the challenge…

Were we wrong to rescue the banks?
Joe Tabacca / Shutterstock.com

Were we wrong to rescue the banks?

8 mins. to read

There are times when certain decisions have an unusual impact on subsequent events. We reach, in other words, a ‘fork in the road’, and the choices taken – or not taken – have an incalculable impact on the future. The weekend of 13/14 September 2008 represented precisely one of those forks in the road. At…

The 1930s: a warning from history

The 1930s: a warning from history

7 mins. to read

If what you were ‘taught’ about the Great Depression is anything like my school time experience, it will go something like this: There was a Great Crash in 1929, which ushered in hard times, notably in the US. Someone called Franklin Delano Roosevelt then rode in to the rescue, and set up a bewildering array…