by Andy Pfaff | Nov 16, 2018 | All Articles, Andy Pfaff, Commentary, MitonOptimal Group, MitonOptimal PM (SA), Weekly Comment
I attributed this quote to the economist John Maynard Keynes in my last Weekly Comment in August (“As per John Maynard Keynes, change your mind – portfolio positioning – when the facts change. But not before”). There is some disagreement on the origin of this quote, but apparently the comment should have been attributed to
by Liam Wyatt | Oct 25, 2018 | All Articles, Commentary, Joanne Baynham, MitonOptimal Group, Weekly Comment
If you listen to various commentators talk about world equities, one would be under the illusion that the bull market days are numbered, especially after the recent falls in US markets. We would, however, argue that this is not the case, but not for the obvious reasons. The reality is that we are not in
by Liam Wyatt | Oct 10, 2018 | All Articles, Commentary, MitonOptimal Group, Scott Campbell, Weekly Comment
Financial Times contributor John Authers wrote his last “The Long View” article on the weekend after 12 years in harness at the pink paper. We at MitonOptimal have long, excuse the pun, been readers of his articles as sensible and pragmatic journalism on investment philosophy, long term asset allocation and trying to make sense of
by Phil Penrose | Sep 14, 2018 | All Articles, Commentary, MitonOptimal Group, Phil Penrose, Weekly Comment
A decade after the global financial crisis, increasing levels of debt in prominent developing economies are driving fears of a new panic that could spread far beyond the disorder being experienced in Turkey right now. While the Turkish Lira has lost more than 40% of its value in Dollar terms in 2018, this loss of
by Liam Wyatt | Sep 5, 2018 | All Articles, Commentary, Joanne Baynham, MitonOptimal Group, Weekly Comment
So why have I decided to lead with this famous quote? Well the answer is that what held true in 1971 still holds true 47 years later. In 2018, the Dollar is still the reserve currency of the world, which means we still live in a US-centric world, with trade flows and markets still dominated
by Andy Pfaff | Aug 28, 2018 | All Articles, Andy Pfaff, Commentary, MitonOptimal Group, Weekly Comment
It is trite to note that humans consistently display a magnificent capacity to mentally project any current trend infinitely into the future in a linear fashion – particularly bull markets in equities – and to demonstrate amazement & horror when these fail to materialise. It is equally trite to state that financial asset valuations have
