Notes, ideas and leads for stock market investors

Membership of The Investment Reader network is by invitation or recommendation only. I run a small and private independent network that offers members, for a modest annual fee, a chance to  share the ideas and insights with other active investors, both private and professional. Regular contributors act as eyes and ears on the markets. Some of them also monitor model portfolios that match the way they invest their own money. Members receive a regular email with whatever is new – portfolio summaries, market commentary, interesting links and comments on two other things that make up my professional life – books and the game of bridge. We also plan to hold private seminars at which members can hear directly from experienced professional investors on a topical or specialist subject.

Recent...

Market notes: things worth reading

There has been a lot of good stuff, as usual, in the past few days casting light on developments in the markets. In these notes the views of some prominent professional investors (Crispin Odey, James Anderson, Terry Smith and Stephen Lewis) are mostly reproduced without comment. We start though with a summary of global and UK stock market developments, in the form of charts and graphs.So far the post-Christmas rally remains intact.

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January 20, 2019

Market notes: into the New Year

As first weeks go, the first week of the year was nothing like as bad as it could have been, given the prevailing negative sentiment after such a poor December. The two things that helped to turn it around were the latest monthly jobless figures in the United States on Friday and a conciliatory signal from Jerome Powell, the chairman of the Federal Reserve, that the central bank would be flexible in implementing its shift to a tighter monetary policy.  I was expecting something of the sort, as noted last week, but not necessarily this soon.

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January 8, 2019

Q and A: Mark Dampier

I have been exchanging news and views about the stock market with Mark Dampier for longer than I care to remember – some 20 years at least, and long before Hargreaves Lansdown became the market powerhouse that it is today. As Head of Research at the UK’s largest online platform, Mark is not only widely followed as a shrewd market commentator, but can see first hand where the firm’s 1m plus clients are directing their money. I caught up with him to learn his latest views this week. Please note however: both he and I start to worry when we seem to be thinking the same things, as we largely do at the moment. 

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January 4, 2019

Book notes: The Diet Myth

A fascinating book by Professor Tim Spector, of King’s College, London debunks many of the myths about dieting, including the received wisdom that the best way to lose weight and live healthily is simply to consume fewer calories and exercise more – the implication of this being that “if you can’t manage this, you simply lack willpower”. That is far too simple. The fact that waistlines continue to expand by an inch every decade in the UK and obesity is increasing all round the world requires more complicated explanations. (Obesity rates have trebled in the United States, China and India over the last three decades).

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January 4, 2019