Structural change is hard work for all and specialist knowledge is vital. For no particular reason this week’s Diary took slightly longer than the regulation 90 minutes to write and is a couple of paragraphs beyond one page.Learn more
Structural change is hard work for all and specialist knowledge is vital. For no particular reason this week’s Diary took slightly longer than the regulation 90 minutes to write and is a couple of paragraphs beyond one page. I hope that you will bear with me this time. It tours through Asia, retail, property and banking before scratching the surface of the dark side of the internet. And some reflections on Tom Wolfe who died last Monday.
This week’s Diary focusses on the risks of complacency, where next for interest rates, the Second Law of Thermodynamics and what Picasso had to say about inspiration.
When a strong dollar meets a heroic assumption, there is likely to be only one winner. As the saying goes, ‘the race may not be given to the swift nor the battle to the strong, but that’s the way to bet’. Also, thoughts about private banking and the impact of Brexit on universities and farming.
Real numbers from real companies, news from Spain and Ireland and the search for high quality income occupy the centre ground to this week’s Diary. At the margin, some Edwardian trivia for those interested in such things.
David Miller is a Quilter Cheviot Executive Director and active investment manager. He makes regular appearances on TV and radio and is the author of the prizewinning weekly, Diary of a Fund Manager which now has a global circulation list of over 20,000. In a career spanning four decades, he has worked as a stockbroker and then fund manager, advising private individuals throughout, for the last ten years at Quilter Cheviot which is part of the Old Mutual Group. He read Natural Sciences at Cambridge University and is a committed empiricist, suspicious of economists with theories.