Monthly Archives: November 2014

Steven Gerrard: 16 years an LFC player, forever a Legend!

Consistency of performance is the holy grail of active management, but it is really what everyone at the highest level of their profession strives for. One man that has been doing it consistently for 16 years is the legendary Steven … Continue reading

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Mario Draghi: “Following through with the consequences”

ECB President Mario Draghi gave a speech last week at the University of Helsinki entitled “Stability and Prosperity in Monetary Union”, that to me almost had a Mafioso tone to it. Draghi is steadfast in his belief that the Euro … Continue reading

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The 80/20 Rule: Applied to Liverpool FC

In 1941, management consultant Dr. Joseph M. Juran made his observation of the “vital few and trivial many” whereby 80% of the effects is driven by 20% of the causes. (Apparently, in later years, Juran preferred “the vital few and … Continue reading

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China’s central bank joins the easing party…

Adding to the euphoria in equity markets on Friday was the surprise cut in interest rates from China’s central bank, the People’s Bank of China. The one-year benchmark lending has been cut 40bps to 5.6% while the equivalent deposit rate … Continue reading

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Draghi talks markets up after weakest Eurozone PMI since July 2013…

The flash Eurozone PMI Composite Output Index, a measure of business activity in manufacturing and services, showed “the pace of economic activity fell to a 16-month low in November. The index fell from 52.1 in October to 51.4, the lowest … Continue reading

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Equities and bonds higher but the real story is in the commodity markets

Global equity markets edged higher last week, with the major equity indices in the US holding at record high levels. The S&P 500 index, which accounts for approximately 80% of US equity market capitalisation, is up 9.5% since October 15th … Continue reading

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Thoughts from Cambodia

On my recent trip to Cambodia I found myself thinking a lot about this notion of “capitalism” and “communism”, on many levels. After all it is a divide that has been behind much of the bloodshed of the 20th century. … Continue reading

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Xi – Abe Handshake: Awkward!

There is much written on the importance of a good handshake, a ritual that for some can speak volumes of a person. In a world where first impressions are imperative, a handshake can leave a lasting impression. The worst has … Continue reading

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Bank of England Inflation Report: Halloween Theme

In his latest inflation report press conference, Mark Carney, Governor of the Bank of England (BOE), struck a Halloween theme in his opening remarks. Since the last meeting he confirmed that “indicators across much of the advanced and emerging world … Continue reading

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