A sustainable approach to investment management should be based on four key principles: truthstrategydisciplinepatience I think nobody would object to the last three of these principles, but "truth" always gets the conversation going. This is all particularly relevant in today’s environment of deepening uncertainty. Discerning truth What I mean by truth is multifaceted, but mainly … Continue reading Truth and trend following in speculation
The foregoing is part of this morning's TrendCompass newsletter: The Biden Administration made a sharp policy turn yesterday by announcing that it would set 8,500 US Troops on high alert for possible future deployment to Eastern Europe. The measure is almost meaningless, but it favors further escalation of conflict which could ultimately galvanize a much … Continue reading War drive is coming from London
It would appear that the West’s desperate gambit to “isolate” Russia and punish her for her “aggression” will fall flat on its face. The recent escalation of tensions between the US and Russia is so utterly bizarre, it truly defies all sensible explanations. It took a dangerous turn for the worse with the Washington Post’s … Continue reading So Russia wins again?
On August 15, 2021 when the Taliban took over Kabul, I posted an analysis in which I noted that the event would prove to have very far-reaching consequences and that it would be the United Kingdom which might sustain the greatest setback from it (a 14-min video report is here). This was confirmed by an … Continue reading The fall of Global Britain – an investment hypothesis
Former Fed Chairman Arthur Burns said that, “A subtle understanding of economic change comes from a knowledge of history and large affairs, not from statistics or their processing alone.” So far as large affairs go, the recent events in Afghanistan could hardly be any larger. On Sunday, 15 August Taliban fighters entered Kabul unopposed and … Continue reading Why the loss of Afghanistan will ultimately end the Empire