magazine archive
magazine archive
Russ Mould
Berkshire Hathaway readies itself for another home run
Thursday 06 Mar 2025No investment style works year in, year out and even Warren Buffett’s Berkshire Hathaway (BRKA:NYSE) has fallow spells in its history. Indeed, the so-called Sage of Omaha freely acknowledges this in his latest Letter to Shareholders, when he notes: ‘During the 2019-23 period, I have used the words...
Gold stakes its claim to be a glittering prize
Thursday 20 Feb 2025This year’s record highs in the US, UK and German stock markets continue to make headlines, but another, much more unsung asset is also breaking new ground and that is gold, which is trading above $2,900 an ounce for the first time this week. Gold’s 46% surge in the past year has even outpaced four...
Will money supply be a snake or a ladder for economies in 2025?
Thursday 06 Feb 2025China’s New Year Holiday festival is over, and the Year of the Snake is now under way. People with a much keener interest in, and better understanding of, the Chinese zodiac tell this column the snake signifies intelligence, mystery and renewal. Make of that what you will, but president Xi Jinping...
Why the 2020s may not roar like the 1980s in America
Thursday 23 Jan 2025The US and China are at loggerheads, philosophically, politically and economically – though thankfully not in military terms – and the contrast between how the two are perceived by financial markets could hardly be greater. Stock markets offer part of the story, as America’s headline indices sit at...
Five big themes to watch in 2025
Thursday 09 Jan 2025Perhaps, thanks to AI, we need to heed the words of American industrialist J. Paul Getty, who once asserted: ‘In times of rapid change, experience can be your worst enemy.’ Right now, investors who are sticking to long-held valuation disciplines are getting left behind, as US equities generally, AI...
Five key lessons to note from 2024
Thursday 12 Dec 2024It’s ingrained in us as investors that the best way to get superior, risk-adjusted long-term returns is to distance ourselves from the crowd and seek out value. That approach has always needed courage and patience, and 2024 has proved to be a particularly fierce test of this discipline for the...
Will equities (ever) give in to rising bond yields?
Thursday 28 Nov 2024The first Budget from a Labour Government in 14 years continues to stir heated debate and sceptics readily point to the increase in the yield in the UK’s 10-year gilt to a one-year high to support their case that chancellor Rachel Reeves is on the wrong track. It does not look great that yields are...
Revisiting the Triffin dilemma as Trump's election victory sees dollar soar
Thursday 14 Nov 2024Fans of Gene Roddenberry’s long running Star Trek television and film franchise will know that any would-be captain of a Starfleet vessel had to complete the so-called Kobayashi Maru test, a simulation from which there was no way out, to see how they responded to extreme pressure. The first captain...
Falling oil and share prices may be lulling investors into a false sense of security
Thursday 31 Oct 2024Equity markets are buoyant, fixed income markets seem more nervous judging by the way yields are rising (at least for government-issued in the developed West), and commodity prices continue to march to their own beat, with gold and silver surging, industrial metals largely flat and oil and gas...
Is it time for emerging markets to pop higher?
Thursday 17 Oct 2024In the coming week (22-24 October), Russia will host the latest annual BRICS summit in Kazan. For all that one of the meeting’s key goals is to tackle neglected tropical diseases, few investors may be inclined to pay attention, not least given the economic sanctions imposed upon the host nation...