Investment Office Logo
Read more
Read more
Read more
Read more
Read more
Read more
Latest Observations

Value investing in the next decade: Is it time to retire the price-book metric?

SKAGEN Global looks at the rise of intangible assets, their antiquated accounting treatment and the profound impact on traditional valuation metrics.

Knut Gezelius, Portfolio Manager SKAGEN Funds, 3. January 2020

Trade Rebound vs. USD Shortage

"The world has been suffering from a shortage of USD for 25 months in a row, which is the longest period ever, since the end of the Gold Standard in 1971. This might explain the USD’s surprizing strength during the last two years and the fact that world trade has completely flattened over the period."

Didier Darcet Gavekal Intelligence Software, The Quant Corner, December 2019

The memory of stock return volatility: Asset pricing implications

Duc Binh Benno Nguyen, Marcel Prokopczuk, Philipp Sibbertsen Journal of Financial Markets, 23 January 2019
Asset Management

Cross Asset Investment Strategy, CIO Views,

Records, surprises and opportunities

Pascal Blanqué, Group CIO, Vincent Mortier, Deputy Group CIO Amundi Asset Management, January 2020

Will the Reflation Theme Continue in 2020?

A closer look at how fixed income markets could perform this year.

Global Fixed Income Team T. Rowe Price, January 2020

Early Morning Reid

December, Q4, 2019 and 2010s Performance Review

Henry Allen, Research Analyst; Jim Reid, Strategist; Craig Nicol, Strategist Deutsche Bank, 2 January 2020
Wealth Managers
The Coffee Chronicles

“You know, I’m from a different time, young man, a dark time to you. I’m from a time that I didn’t even used to know who was on the phone until I answered the shit!”

Dave Chappelle Dave Chappelle Learned The Care Bear Stare, Netflix Is A Joke, December 23, 2019

“Stalin had an electric teapot that he operated himself. A round table, located between two of the four windows, held his multiple black telephones (made by Siemens)…”

Stephen Kotkin Stalin, Vol. II: Waiting for Hitler, 1929 - 1941.

"So, how much do you want for this "priceless" item?"

Rick Harrison, Pawn Stars: Rare Boba Fett Action Figure Prototype, January 10, 2016