Upside Inflation Risks Favour the Value Investor

“All investing is value investing” according to Charlie Munger, with today’s market continuing to offer more value from the mispricing of existing company assets relative to growth assets. Firstly it is important to point out that exceptionally cheap value stocks are...

Extreme Complacency on Russell 2000: Buy Puts

(from our Weekly of 21st February) As we have been noting, the market remains in a risk-on regime, with positive momentum, falling volatility and confirmation from various inter-market relationships such as cyclical stocks outperforming high dividend stocks, high...