At the end of March, we wrote about the rise in the volatility of markets and how, in many respects, this was a reflection of the growing angst amongst investors: there was simply more to worry about. Since that point, if we look at the broader equity markets, such as the MSCI World Index, we can see that they have rallied strongly, clawing back the losses of the first quarter and pushing into positive territory.
Amongst the headlines about the global markets, you cannot fail to notice the supposed Doomsday scenarios being painted for the world’s equity and bond markets. And yet there are some really interesting opportunities if you look at the world around you and what is happening not only today, but for decades to come.
One such growing long-term trend is our increased focus on the planet and encompassing environmental issues. This is no longer simply an issue for the hippies amongst us but becoming a mainstream concern, which therefore justifies some analysis.
Today, it is hard to think of a logo that is more globally recognisable than the infamous “Nike Swoosh” – not a bad accolade for a logo that was created by a university graphic design student for the grand commission of $35!
By Oliver Tostevin Freedom an’ whisky gang thegither, Tak aff your dram! Robert Burns, The Author’s Earnest Cry and Prayer (1786) There are various reasons we like Diageo but the focus here is going to be whisk(e)y; and in particular Scotch whisky. Accounting for a quarter of sales and a third of profits, Scotch is by far Diageo’s largest category and a major determinant of its success. …
Doctor, Doctor, give me the news
I’ve got a bad case of loving’ you
Moon Martin, 1978
Enough already. We’re all out of words to describe the global political scene. So we thought we’d turn to investment matters (probably quite surprising for regular readers) and have a look at what we consider one of the major themes of our time: healthcare for an ageing population.
Scott Spencer, investment manager at Ravenscroft, explains why not listening to the headlines is good investment advice.
As active investment managers, we are constantly reminded by the world’s headline grabbing press of the risks we and our clients face - quite literally from one minute to the next. Whether it is the latest fad in cryptocurrencies, or Donald, Vlad or Kim doing something unexpected, people react and, in some cases, let their emotions get the better of them. This short termism serves to exacerbate what is already an uncertain world; sometimes bordering on total madness. We, like Mr Spock, try and remain calm and unemotional about investment decisions.
At Ravenscroft, clients are the centre of our universe. As you would imagine, much of our time is spent meeting you, discussing your investment objectives while ensuring that our investment strategies are aligned with your wants and needs.
‘I’ve never thought of my jewellery as trophies. I’m here to take care of it and to love it, for we are only temporary custodians of beauty.’ Elizabeth Taylor
Jewellery can represent so many things. A symbol of love, a sign of commitment, a mark of a milestone or a celebration of an achievement, but it is rarely seen as an unemotional investment. For many, the uncertain economic and political landscape (be that nationally, internationally or globally) makes investments outside of money in the bank, seem risky or complicated. The headlines from the past decade are simply too hard to ignore but perhaps if you were investing in something that you could see and touch every day, then suddenly that might not seem quite such a leap of faith.
Recently, Jeff Bezos, $100-million-dollar-man and retail Übermensch, opened a 1,800sq.ft ‘convenience store of the future’ in Seattle, called Amazon Go. What’s different about it? Well, two big things: there are no shopping baskets and no cashiers. You simply walk in, browse, and then walk out with what you want. You don’t even know how much you’ve spent until your phone pings at some point after you’ve left. There are some people, but they’re all behind the scenes.