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The Patient Investor
A (gently) sceptical perspective on the world of investment. For passive against active, long-term against short-term, patience against panic. Above all, humility in the face of the infinite complexity of the markets!
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Backing sustainable investment against the backlash
Backing sustainable investment against the backlash
The relatively poor performance of green funds has punctured the inflated claims made for them, and highlighted long-standing design…
Justin Reynolds
Aug 11, 2023
Should passive investments be taxed?
Should passive investments be taxed?
Are index funds parasites free-riding on the active stock pickers who do the hard work of identifying value? One controversial proposal…
Justin Reynolds
Jul 16, 2023
What would a Labour government mean for investors?
What would a Labour government mean for investors?
Investors seem to have little to fear from a Starmer administration keen to emphasise its commitment to fiscal responsibility
Justin Reynolds
Jul 4, 2023
How to invest in China (the easy way)
How to invest in China (the easy way)
For long-term investors the balance of power between China and the West matters less than the continued growth of the global economy
Justin Reynolds
Jun 10, 2023
How to Fund the Life You Want: a review
How to Fund the Life You Want: a review
Robin Powell and Jonathan Hollow’s new book on financial planning isn’t afraid to spell out the right and wrong ways to invest
Justin Reynolds
Jun 1, 2023
How to Invest: a review
How to Invest: a review
A new book in The Economist series offers a comprehensive guide to investment principles but is perhaps not for the complete beginner
Justin Reynolds
May 23, 2023
The space economy: real and imagined
The space economy: real and imagined
What the Starship launch indicates about the future of investing in the space industry
Justin Reynolds
Apr 26, 2023
Saying good-bye to a ‘forever’ stock
Saying good-bye to a ‘forever’ stock
On the peculiar difficulty of letting go of a fund that had been intended to be held for the long-term
Justin Reynolds
Apr 25, 2023
The harpoon and the net
The harpoon and the net
A simple image for picturing active and passive investment — and why we think one is more deserving than the other
Justin Reynolds
Apr 22, 2023
Thematic ETFs: no more — and no less — than good stories
Thematic ETFs: no more — and no less — than good stories
ETFs that promise to following a market trend may not make you rich. But perhaps that is to miss the point…
Justin Reynolds
Apr 19, 2023
Widening the net: extending passive strategies beyond the classic market cap index fund
Widening the net: extending passive strategies beyond the classic market cap index fund
Thoughts on mixing market cap and equal weighted index funds to capture shifts in market sentiment
Justin Reynolds
Apr 6, 2023
Quantifying human fallibility: factor investing and the enduring power of the value strategy
Quantifying human fallibility: factor investing and the enduring power of the value strategy
Value investing works because of our chronic tendency to expect growth shares to grow forever. Do ‘smart beta’ funds allow investors to…
Justin Reynolds
Apr 6, 2023
John Bogle’s Platonic vision
John Bogle’s Platonic vision
On the sublime simplicity of the Vanguard founder’s absolute faith in the humble index fund
Justin Reynolds
Mar 28, 2023
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