How The Super Wealthy Invest?

Think of the  upper echelons of the money-management business, and the image that springs to mind is of fusty private banks in Geneva or London’s Mayfair, with marble lobbies and fake country-house meeting-rooms designed to make their super-rich clients feel at home. But that picture is out of date. A more accurate one would feature…

Nightmare on China’s Wall Street

The nightmare on China’s wall street is returning, three years after China’s last futile attempt to save its stock market. On Tuesday, 1,023 companies fell by the daily 10 percent limit amid concerns over escalating trade conflict with the U.S. Already among the worst performers in Asia this year, the benchmark Shanghai Composite Index plunged…

Six Impossible Things Before Breakfast – GMO White Paper

I believe the markets are behaving like the White Queen. In order to make sense of today’s pricing, you need to believe in six impossible (okay, I’ll admit some of them are just very improbable as opposed to impossible) things. 1. Secular stagnation is permanent and rates will stay low forever. As we have argued…

Diwali 2016 Stock Picks

Every diwali, we see a host of “experts” on various media going about their previous year’s performance and give out their 2 cents about which stocks could replicate that performance in the year to come.  This time too a whole host of broking firms have come out with their list of companies whose shares they…