Tandem Thinking

20 Mar

A History Lesson in Long-Term Investing

History doesn't repeat itself, but it often rhymes – or so goes the saying. It is a common saying in financial services that for investments, past performance is no guide to the future. There is a lot of truth to this, especially when it comes...

29 Jan

2018: A review of investment returns

After six consecutive years of positive returns, in 2018 the UK stock market declined by 9.5%, while the global stock markets declined by about 3%. A careful observer might argue that a ‘correction’ was long overdue, given the generous return of prior years. However, that hasn’t...

29 Jan

Reaping the benefits of diversification

As we’re sure you know by now, diversification is a hallmark of our investment, not just across asset classes but also across geographies and risk factors. We implement this idea is through diversification: Across global mainstream stocks, bonds and property shares (known as Real Estate...

29 Jan

David Booth on Forecasting

In the following video, Dimensional founder David Booth reflects upon decades of experience of operating in the capital markets to explain a valuable point regarding many of the issues we’ve discussed in this newsletter. As long-term investors, we try to ignore the ‘noise’ emanating from the...

25 Sep

Lessons from the Global Financial Crisis

This year marks the 10th anniversary of the collapse of U.S. investment bank Lehman Brothers. The run on the bank, previously seen as indestructible, sent shockwaves through global markets, sparking a series of event from which we have yet to properly recover. Financial journalist Jason Zweig...

25 Sep

Pursuing an evidence-based investing approach

We are often asked about the reasoning behind our investment approach and although related to a different field, we feel the following tale perfectly illustrates our philosophy. In the early hours of a December morning in 1799, physicians were called to examine a recently retired gentleman...