Latest

Aberdeen Anguish
Julietphotography / Shutterstock.com

Aberdeen Anguish

1 mins. to read

A day in the life of a fund manager: the chairman emailed early yesterday with the pithy advice that something had gone on at Aberdeen. Since he is a card-carrying, kilt-swirling Scot, I presumed that in that northern city they had run out of IrnBru. I let the matter slip.   But when the butler…

The Customs Union or a Customs Union? Or just confusion?
Sergsta / Shutterstock.com

The Customs Union or a Customs Union? Or just confusion?

12 mins. to read

The British political class is riven with dissent over what type of Brexit is most desirable. This is because, after two years of Brexit argy bargy, few Brits really understand the issues – and least of all in the Labour Party. A discourteous proposition Last week Monsieur Barnier, the EU Chief Negotiator, threw a document…

Zuma should head straight to jail
360b / Shutterstock.com

Zuma should head straight to jail

1 mins. to read

The SFO have formally charged Barclays over the dealings with Qatar about ten years ago. I asked a partner in the cleverest City major law firm as to whether there could be a defence for the directors’ conduct that by conducting themselves as they did they kept Barclays out of HM Treasury’s lifeboat. He said…

Who will be the next Carillion?

Who will be the next Carillion?

12 mins. to read

For many dividend investors, the demise of Carillion was a disaster. Not only did their portfolios lose an important source of income, they also saw a permanent loss of capital. It’s easy to see what went wrong with hindsight, and in the August 2017 issue of Master Investor I wrote about some of the key…

African Dawn: Why African markets will rally in 2018

African Dawn: Why African markets will rally in 2018

23 mins. to read

Imagine a continent which leads the world in mobile telephony banking and in fourth generation (satellite) internet access. This is a continent which has achieved remarkable advances in health outcomes as evidenced by levels of infant mortality and life expectancy, and in education over the last two decades. And which is now enjoying supercharged growth.…

Elon Musk has sublimated to the land of pure fantasy
Hadrian / Shutterstock.com

Elon Musk has sublimated to the land of pure fantasy

0 mins. to read

Seeking Alpha offered a coruscatingly sceptical commentary (9th February) on Elon Musk’s latest analysts’ conference where the subject was the woeful failure of his Californian factory to produce Teslas. What is really startling is the recital of the most improbable problems which are essentially nothing to do with common sense. I doubt they’ll be solved…

The State of the (Spanish) Union

The State of the (Spanish) Union

14 mins. to read

The Catalonian insurrection has been defeated by the will of Madrid – mercifully without ugliness. But many Catalans are resentful and do not think the struggle is over. Victor Hill has been visiting Spain’s richest province again. A fairly honourable defeat… On 31 January, a message sent by Carles Puigdemont, the unlikely exiled President of…

2 resources shares to help beat inflation

2 resources shares to help beat inflation

2 mins. to read

This week has been dominated by falls in share prices across the globe caused by raised inflation expectations. It would be unsurprising for there to be more volatility as investors continue to adjust their forecasts for inflation. With Donald Trump’s tax and spending policies yet to have their full impact, coming to terms with higher…

It’s a funny old world

It’s a funny old world

1 mins. to read

Sheer professionalism: when the SFO cooked up charges against the Tesco 3, I thought that that would be difficult. But, then again, it’s only taxpayers’ money. And £5 million and two years later the trial collapses. What a surprise. But I really admire the sheer professionalism of the defence team in arranging a heart attack…