by lpioAdmin | Dec 31, 2024 | Investment Letters, Perspectives
“I prefer an uncomfortable truth to a comfortable lie.” Javier Milei The final quarter of 2024 lived up to its action-packed billing. Economic indicators in the UK had been showing depressed levels of activity as the country waited to hear from a Labour chancellor for...
by lpioAdmin | Nov 21, 2024 | Market Views, Perspectives
We write this piece in the aftermath of a convincing victory for Donald Trump in the US presidential election, with the Republican Party also having taken control of the Senate and the House of Representatives. Financial markets had begun to move in Trump’s favour...
by lpioAdmin | Sep 30, 2024 | Investment Letters, Perspectives
“As long as the dollar remains in high esteem as a trade currency, America can continue to spend more than it earns. But when the day arrives – as it certainly must – when the dollar tumbles and foreigners no longer want it, the free ride will be over.” G. Edward...
by lpioAdmin | Sep 16, 2024 | Perspectives, Reflections
“What counts in life is not the mere fact that we have lived. It is what difference we have made to the lives of others that will determine the significance of the life we lead.” These profound words, spoken by Nelson Mandela, encapsulate a truth that may resonate...
by lpioAdmin | Jun 30, 2024 | Investment Letters, Perspectives
“Semiconductors are the silent driver of all the advancements in the digital world.” Morris Chang, founder of TSMC The second quarter was a tale of two halves, particularly in equity markets. Until mid-May, with investor sentiment buoyed by the prospect of cooling...
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