November 2016

prediction
22 Nov

The peril of prediction

‘The only function of economic forecasting is to make astrology look respectable’ - John Galbraith. We don’t need to look too far to see the folly of foresting. This year alone has offered us a few examples of how pollsters and market forecasters got it horribly...

art2pic
22 Nov

Inflation, the thief that keeps on taking

While the sky hasn’t fallen in the wake of the vote to leave the EU as predicted by many economists, the pound has. Since the outcome of the June referendum, the pound has lurched lower against the dollar, the Euro and other major currencies. ...

art4
22 Nov

Vanguard Founder Jack Bogle on BBC Radio 4

The BBC programme, Moneybox, recently interviewed Jack Bogle who founded fund management firm Vanguard in 1975. His evolutionary idea was that an investment fund should be run for the benefit of the investor and not for anyone else. Strangely, despite its success, Vanguard’s mutual ownership...