A cyber-curtain is set to divide the world

A new Cold War looks likely as the US and China increasingly diverge and fall into dispute. What are the implications for investors? The strong exchanges on technology between the US and China point to a world where there are two different systems, with a cyber-curtain descending between them both. Meanwhile, in a series of … Continue reading “A cyber-curtain is set to divide the world”

Has value investing been disrupted?

Disruption is a major theme in stock markets today with companies such as Amazon and Uber challenging the traditional approach to their respective industries. Such companies are an example of so-called “growth” stocks, with investors attracted by their prospects for expansion and future revenue growth. Investors in “value” stocks, in contrast, focus less on a … Continue reading “Has value investing been disrupted?”

Davos: world leaders miss out on the personal touch

In some ways Davos looks much the same as in previous years. The world’s great and good from politics, academia, business and the media have once again descended on Switzerland. The combination of all of these companies and leaders from around the world in an otherwise quiet and rural backwater is as incongruous as ever. … Continue reading “Davos: world leaders miss out on the personal touch”

The challenges of change

When the first electric light switches were installed in the White House in the 1890s, then-president Benjamin Harrison refused to touch them for fear of being electrocuted. For the duration of his presidency, he would ask his staff to flick the switches. Harrison’s aversion is one small example of rational human fear in response to … Continue reading “The challenges of change”

Is China’s tech boom worth investing in?

China’s statistics are often larger-than-life but the numbers relating to mobile phone ownership and money spent online are truly staggering. As of the end of last year, more than half the population – some 731 million people – were online. That’s almost all the people in Europe. Some 95% access the internet via mobile devices. … Continue reading “Is China’s tech boom worth investing in?”