Protecting Purchasing Power Safely
The inconvenient truth confronting investors is that economic outcomes over the short term are extremely difficult to evaluate with any certainty
Gold: A Hedge for All Seasons
Markets are a reflection of human behaviour and endeavour. In financial markets and in an economy, nothing happens in a vacuum. Eleven years of central banks’ money expansion while maintaining artificially low interest rates has pushed up asset prices, creating asset price inflation and moral hazard. Public and corporate debtors are taking on more debt, […]
Edition 10
This is the 10th BLOG since the pandemic.This is not an attempt to forecast future events which are unknowable nor is it a recommendation to purchase a security or make an investment. We have always found, where a government has mortgaged all its revenues, that it necessarily sinks into a state of languor, inactivity, and […]
Is There a Safe Haven for Investors in These Uncertain Times?
The term “safe haven” has always been part of the investor’s vocabulary, taking on special significance in times of increased uncertainty. The attributes of a safe haven asset lie more with the investor than with any opportunity in the market. It has everything to do with who you are. How well do you know yourself? […]
Is This Time Different?
Hailed by Barrons as the dean of global investing and one of the most successful investors in history, the late Sir John Templeton stated that ‘This time is different’ are ‘among the four most costly words in the annals of investing’. Before emerging markets became mainstream, Templeton was investing in emerging growth companies for parents […]
When a Soft Touch Is Anything But
A ‘soft touch’ conjures up thoughts of someone who is easy prey, gullible and vulnerable to theft. In the context of financial services, a light touch regulation speaks of a more flexible and relaxed approach to regulatory oversight. For many years in the US and Europe, the world’s largest trading bloc, the rule of law […]
Edition 9
As I write, this will be the 9th Ein Harod Family Office BLOG since the pandemic. This is not an attempt to forecast future events which are unknowable nor is it a recommendation to purchase a security or make an investment. Trees do not grow to the sky Investment success is to position your capital […]
Tune out the Noise and Stay the Course
As I write, we have been subjected to weeks of living under what many jovially call ‘house arrest’. The pandemic has affected most, if not all communities to varying degrees. In some countries, governments are slowly relaxing restrictions intended to stop the spread of the virus. But the uncertainty remains. How long before people can […]
Edition 8
As I write, this will be the 8th Ein Harod Family Office BLOG since the pandemic. This is not an attempt to forecast future events which are unknowable nor is it a recommendation to purchase a security or make an investment. ‘Where there is no vision the people cast off restraint’ Book of Proverbs The […]
Don’t Become a Victim of Market Volatility
In March 1933, at what turned out to be the peak of the Great Depression, President Franklin Roosevelt gave the famous rallying cry to America that “the only thing we have to fear is fear itself”. Today fear has again gripped investors, and we have witnessed viciously volatile panic-selling, as traders and algorithms ply their […]