A tiny proportion of stocks account for most of the market’s returns. This makes it vital to embrace trends when investing, say portfolio manager Steef Bergakker and trends analyst Sam Brasser.
"The outperformance of the US stock market relative to the rest of the world, and of technology stocks within that, has been a headache for active managers for a number of years now."
Evidence that a company wields pricing power in its industry is the best indication of a sustainable competitive advantage, argues Giles Parkinson.
Hammond: "There is still so much of the world we haven’t been to."
Clarkson: "So many people I haven’t insulted!"
The situation seems here to be that, before we can explain why people commit mistakes, we must first explain why they should ever be right."
Safety can be fatal."