Our Insights
Investment themes and opportunities for 2020
December 20, 2019
As we look forward to 2020 after a year of significant returns across our equity and credit investments, we find ourselves in a similar constructive
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Climate change seminar with Lord Browne
November 28, 2019
We are pleased to send you a summary of our recent seminar led by Lord Browne of Madingley and moderated by Dr Eamonn Molloy of
Read more…Make, think, imagine: Engineering the future of civilisation ?
November 22, 2019
This month’s insight was written by Lord Browne of Madingley. John Browne trained as an engineer, was CEO of BP from 1995 to 2007 and is
Read more…Emerging market corporate debt: Nature or nurture?
October 30, 2019
Emerging market corporate debt: Nature or nurture? The question of nature or nurture is one of the false dichotomies that confront us in our attempts
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Innovation, disruption and opportunity: Global fintech gets personal
September 30, 2019
Innovation, disruption and opportunity: Global fintech gets personal Posted on September 2019 How quickly does an innovation go from novelty to habit? Two years ago,
Read more…Smart Cities – The Cities of the future are already here
June 28, 2019
Smart Cities – The Cities of the future are already here Posted on June 2019 Smart Cities, for so long a thing of myth and
Read more…Reflections from the 2019 Berkshire Hathaway Annual Meeting
May 30, 2019
Reflections from the 2019 Berkshire Hathaway Annual Meeting Posted on May 2019 The Berkshire Hathaway annual meeting in Omaha, Nebraska is known as the Woodstock
Read more…Driverless Cars: Where are they heading?
April 30, 2019
Driverless Cars: Where are they heading? Posted on April 2019 The IPOs of Lyft and Uber are notable not just for their astounding valuations but
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Improving access to universities: A conversation with Dr Tony Sewell CBE
March 29, 2019
Improving access to universities: A conversation with Dr Tony Sewell CBE Posted on March 2019 We believe that responsible and sustainable investing for the long
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Global Consumer Companies: Investment and Innovation the recipe for growth and value creation
February 26, 2019
Global Consumer Companies: Investment and Innovation the recipe for growth and value creation Posted on Feb 2019 Dry January does not mean very much to
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Investment themes and opportunities in 2019
January 30, 2019
Our insight this month provides an overview of our investment team’s thinking on the themes and opportunities for the year ahead Investment themes and opportunities
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Principles of Long-term shareholding: Active ownership, not activism
December 7, 2018
Part of what we do is to meet the companies we invest in. Many of them have been in our portfolios for considerable periods of
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Amazon Enters Healthcare
November 7, 2018
In her insight about Amazon and the opportunity it is pursuing in healthcare, Zhixin Shu has identified a number of the ways Amazon is working
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Blockchain: Enabling the Next Step Change in Supply Chain Management
October 7, 2018
One of the potential long-term drivers of value generation could be blockchain. We talked last month about the discussion we hosted about blockchain in the
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Getting There
September 15, 2018
Our friend Gillian Zoe Segal has spent five years interviewing 50 of the most successful people in all fields about their experiences and their lessons.
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Sports Brands and Brands Equity
July 25, 2018
Our insight this month, written by Jean-Yves Chereau discusses how strong brands and brand equity as seen in the recent FIFA World Cup are key
Read more…Has the Sell off Made it Safe to Return to Emerging Market Bonds?
June 20, 2018
In this month’s insight our portfolio manager Catherine Blanc-Adams, discusses how the recent sell off provides significant buying opportunities in emerging markets bonds, notably in
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Betting the Drugstore on Berkshire
May 25, 2018
We recently returned from our annual trip to the Berkshire Hathaway annual meeting in Omaha, Nebraska, with the same renewed enthusiasm and conviction in investing
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Battle of the Brands
April 17, 2018
Our analysts Katerina, Zhixin and Giles have put together in our insight this month their thoughts on the opportunities and challenges for consumer stocks, highlighting
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Facebook: Real and Perceived Risk and Opportunity
March 20, 2018
Given the importance of digital companies to our portfolios, our insight this month comes from Giles Tulloch, our technology analyst, who comments on Facebook and
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Emerging Markets and Sustainability – Enrich not Exploit
February 20, 2018
In this month’s investment insight, Catherine Blanc-Adams discusses our approach to investing in high quality emerging market bonds as a more attractive source of returns
Read more…World Stars Five Year Investment Review and Opportunities for 2018
December 18, 2017
Our insight this month provides detail on the portfolio, the attribution of portfolio performance and how we think it will progress. World Stars Five Year
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Industry 4.0 The Transformation of the Modern Factory
November 18, 2017
In our insight this month Katerina Kosmopoulou discusses the transformation of industrial production driven by the advances in digital technology. The catchword for this is
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Value Based Healthcare – The Journey Has Begun
October 20, 2017
Value-based healthcare, rewarding the healthcare industry for outcomes not products or services, will have an increasing impact on all of us as we have to
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India An Emerging Market for the Long-term
September 27, 2017
September’s insight provides a brief discussion of India and the opportunities we see for several of our investments. We take the view that investing in
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eSports Let The Games Begin
July 14, 2017
The rapid ascent of eSports, competitive video gaming to the uninitiated, has seemed implausible. But recent developments in the industry and the current news flow
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Nutrition The Next Frontier for the Consumer and Health Industries
June 22, 2017
One of the key fundamental drivers for our portfolios is the growth in health and nutrition as a business opportunity. In emerging and developed markets
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Digital Marketing: Last month we saw the future
May 20, 2017
Last month, we arranged an event in association with Exponea, a London-based specialist digital marketing company, which helped to highlight just how large this industry
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Smaller, Faster, More Innovative: Challenges and Opportunities for Consumer Companies
April 14, 2017
The annual Consumer Group of Europe conference is one of the opportunities to get a view on the issues impacting many of the companies we
Read more…President Xi’s Three Wishes for Chinese Football
March 13, 2017
Our insight this month is an abridged version of an article we commissioned from Matt Tench, the well-known sports journalist, about China and its impact
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THE CIPRIANI PRINCIPLE: “ICONIC” BRANDS AND THEIR VALUE
February 17, 2017
Our insight piece this month takes a global consumer good as a point of reflection on the value of innovation and brands. The “iconic” Apple
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Tobacco – A Legacy Industry Disrupting Itself
January 20, 2017
Forget about self-driving cars or online retail: The tobacco industry is trying to disrupt itself with healthier alternatives to cigarettes. The CEO of Philip Morris
Read more…Themes and Opportunities in 2017
December 16, 2016
In this month’s insight we look ahead to 2017. Themes and Opportunities in 2017 Posted on Dec 2016 Microeconomics is what we do, macroeconomics is
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Commodities and Emerging Markets: “The Stone Age did not end for want of stones”
November 18, 2016
Catherine Blanc-Adams has written this month’s insight Commodities and Emerging Markets: “The Stone Age did not end for want of stones” on the long-term perspective
Read more…Renewing the American Experiment of Self-Government
October 15, 2016
In her insight piece for this month, Katerina Kosmopoulou seeks to put the issues surrounding the upcoming US election into historical perspective. US presidents have
Read more…Vincit Preserverantia: Families and the Challenges of Succession
September 20, 2016
In our insight this month, Jérôme Stern discusses family succession and the importance of making hard decisions and taking the right risks for families, trustees
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Reflections on Brexit: Western Democracies and the Threat of Populism
July 19, 2016
In our insight piece ‘Reflections on Brexit: Western Democracies and the Threat of Populism’, our partners Tom Price and Christopher Rossbach discuss the issues we
Read more…Football Finance an Attractive Alternative Investment Opportunity
June 15, 2016
One of the opportunities we see to generate returns in the current low interest rate environment is through direct lending. With perfect timing for the
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Business Formation, Creative Destruction and Long Term Investing
May 17, 2016
Katerina Kosmopoulou comments on the recent changes in Warren Buffett’s strategy in her insight this month and argues that the same criteria that made Berkshire
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Is Rent Money Still Dead Money?
April 20, 2016
As long-term investors it is much more important to be sure that we have invested in the right companies over time and if possible to
Read more…My Voyage of E-Commerce in China
March 16, 2016
Our investment analyst Zhixin Shu has recently spent three months living back in her native China. She was amazed by the shift to e-commerce taking
Read more…O que sera que sera…. Petrobras
February 18, 2016
Que sera que sera…Petrobras, our January insight, from Catherine Blanc-Adams and Raphael Antoine, looks at the interesting world of the Emerging Market commodity sector, and
Read more…Good Morning Kennedy
January 14, 2016
In this month’s insight, Chris Rossbach talks about how saying good morning to Kennedy, one of our doormen at 21 Knightsbridge, reminds him of good
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Amazon: Your stock is on Fire
December 15, 2015
Amazon shares have doubled since our analyst Giles Tulloch wrote his insight, Keep Calm and Carry on Clicking, in November of last year and we
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Modern Wisdom from Ancient Greeks
November 18, 2015
In this October’s insight piece Catherine Blanc-Adams, who joined us at J. Stern & Co. this autumn and is a seasoned investor in emerging market
Read more…Value Is What You Get
October 10, 2015
In September’s insight “Value is What You Get”, Chris Rossbach breaks down how we look for quality and value in the companies we invest in.
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Don’t Junk China
September 18, 2015
In our insight piece this month, Zhixin Shu, puts the case that the change in currency policy is not as bad as it seems and
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Don’t call it a comeback, the internet’s been here for years
August 17, 2015
Our insight piece this month expands on our thesis that we are only at the beginning of the value creation from the internet sector and
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Reflections on the Greek Crisis and a Fateful Referendum
July 9, 2015
As our readers will know, the Greek crisis has moved into a new phase culminating in a fateful referendum and bailout agreement. In this month’s
Read more…Argentina
June 16, 2015
Our May insight piece focuses on Argentina ,a country famous for its beef and wines and notorious for its recurring debt defaults, rampant inflation and
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Shareholders’ Rights – The Case of Sika
May 15, 2015
This month’s insight piece follows the shareholder unrest in Sika ,one of our positions, following the Burkard family’s decision to sell their controlling stake to
Read more…The Race for Yield and… Sustainable Returns
April 23, 2015
This month’s insight piece focuses on the continued search for yield and examines why interest rates and bond yields are likely to stay low for
Read more…Advances in Biosimilars – Challenge for Pharmaceutical Companies?
March 19, 2015
Our insight piece this month touches on a more long term issue facing several of the large pharmaceutical companies in our portfolios. They have benefitted
Read more…Currency Matters: Why Currency Moves do not Matter for Long-Term Investors
February 18, 2015
This month our insight focuses on the Swiss National Bank’s decision to abandon the Swiss Franc peg to the Euro. We look at the short
Read more…Charting a Course through Troubled Waters
January 18, 2015
As we embark on a new year, we thought we would take the opportunity in this month’s insight piece “Charting a Course through Troubled Waters”
Read more…Oil Prices: A Brave New World?
December 15, 2014
This month’s insight piece looks at some of the drivers behind the recent plunge in oil and examines whether these are temporary or longer-term issues.
Read more…Keep Calm and Carry On Clicking
November 16, 2014
Our insight piece this month focuses on Amazon. The company divides investors like few others. We argue that Jeff Bezos’ vision is as uncompromising as
Read more…From “Supernormal” to “Normal” Growth: the Paradox of Luxury Investing
October 15, 2014
Our insight piece this month focuses on the luxury goods sector. After a period of extraordinary growth, we highlight the key drivers behind the recent
Read more…The Apple Watch and the rumoured demise of the Swiss Watch industry
September 30, 2014
This month we focus on the launch of the Apple Watch and explore the implication for the industry at large and for now agree with
Read more…Football is a Simple Game
August 30, 2014
Football is Simple Game – Lessons from Germany’s Success at the World Cup Football is a Simple Game Posted on Aug 2014 Football is Simple
Read more…What Would Warren Do
July 30, 2014
Berkshire Hathaway Annual Meeting 2014 – WWWD or What Would Warren Do? What Would Warren Do Posted on Jul 2014 Berkshire Hathaway Annual Meeting 2014
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