The Hazards of Asset Allocation in a Late-Stage Major Bubble
Over recent years, a group of established companies have traded at relatively high valuations for their robust competitive advantages and consistent growth records. But in a competitive economy, investors should not assume this will continue indefinitely, warns Giles Parkinson.
"Why the heck did history decide to stop repeating just when I needed it???"
“Nothing is so permanent as a temporary government program.”
Hammond: "There is still so much of the world we haven’t been to."
Clarkson: "So many people I haven’t insulted!"