Timely investment themes informed by deep historical research
Investors always want to know what’s cheap—cheap relative to the opportunity set and relative to history.So it’s always interesting to take a look at the global landscape to see which markets are trading at attractive prices.
Read MoreThere is one trend in particular that I have been watching—the relationship between bond yields and equity valuations. Traditionally, there is a somewhat positive relationship between the two, but massive monetary policy intervention has thrown everything out of whack.
Read MoreConfounding, uncertain and volatile markets have left many investors wondering what glimmer of hope to hold on to. It isn't yet evident to investors, but in some respects the market is returning to normalcy.
Read MoreThe popular wisdom that bear markets occur at expensive valuations is unsubstantiated fiction. The truth is bear markets occur all the time at a wide range of valuation levels.
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