Last year, investors were faced with bond yields at all time lows, while the outlook for economic growth looked increasingly positive. This sparked some concerns over the possibility of rapidly rising interest rates. But investors are now increasingly accepting that we might be faced in a low yield, low growth environment for much longer than thought possible. What to do when faced with such difficult conditions?More Details
Does the tortoise win all the time? In the familiar ‘tortoise versus hare’ race, ‘slow and steady’ has often been held up as an important virtue of long term investing. Despite the vagaries of ad hoc opportunities, having the patience to only focus on the long horizon is expected to be the winner. While ideal, such a scenario may be too simplistic for today’s investment environment.More Details
"He will therefore have to use what knowledge he can achieve, not to shape the results as the craftsman shapes his handiwork, but rather to cultivate a growth by providing the appropriate environment, in the manner in which the gardener does this for his plants."
Friedrich August von Hayek