27 June 2016 The decision by the British people to withdraw from the European Union (EU) took markets by surprise. Yet, it did not occur in a vacuum. Britain's vote to leave the EU needs to be seen in the context of a confluence of global social and...
Brexit Brexit has shocked capital markets - markets had not been positioned for a British vote to leave the European Union (EU). While risk assets have been sold off we expect volatility to continue in the near term. The potential Brexit process: A full technical separation of Britain...
Britain’s decision to exit the European Union (“Brexit”), followed swiftly by UK Prime Minister David Cameron’s resignation, creates considerable economic and political uncertainty. It will be some time before we know all the answers. The negative market reaction to the narrow victory (52% vs 48%)...
Chairman of Saturn Portfolio, Craig Stobo, accompanied a group of Elevation Capital executives and investors to the Berkshire Hathaway ASM in Omaha, Nebraska in April. The Annual Shareholder Meeting takes place in the huge Century 21 basketball stadium. This year’s meeting was full, but unlike last...
Buy Low and Sell High is the holy grail of investment strategies, yet one that is notoriously difficult to get right. Few successfully predict the ‘bottom’ of the market and you risk being out of the market altogether when those early rallies occur. Rather than trying...
By Jean Strock, AFA The World Economic Forum estimates that there is a global spending deficit of USD1 trillion per year (and growing) on basic infrastructure such as power, water, transport and communications. This applies to both developed and emerging economies. India is one country that needs...
In late 2012 the US was preoccupied with an impending ‘fiscal cliff’- a combination of spending cuts and new taxes that had the potential to take $600 billion out of the US economy and push it into recession. It is possible for New Zealanders to create...
By Jean Strock, AFA When we talk about retirement planning one of the issues we now face is how much longer a retirement nest egg has to last. A 65 year old man today could live on average to age 86 and a female to 88.8...