Sir John Templeton on market moves
In this letter to clients Sir John Templeton does a good work describing where markets are moving to…1956! Full document
Howard Marks memo on the curve
In this memo Howard Marks takes about a very up-to-date issue: “flattening the curve”, as of 19th March 2020. Full document
GMO: 7 year asset class forecast
A very useful tool to see what markets (if they would linearly get back to their historic valuations in 7 years) would be yielding. We have included one with data as of 31st January 2020 (before Coronavirus) and one as of 30th April 2020 with the full impact of the virus. Interesting cross reads. Updated […]
Howard Marks memo on bets
In this memo Howard Marks, talks about the commonalities between gambling and investing (seeing the world in bets). As usual brilliant. Full document
Howard Marks memo
In this memo Howard Marks, as usual, gives very useful “common sense” thoughts in the current environment. Full document
JP Morgan Chase 2018
Jamie Dimon explains in detail the principles on which JP Morgan is run. 51 pages not to be missed! Full document