Our Insights

Reflections from the 2019 Berkshire Hathaway Annual Meeting
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
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Driverless Cars: Where are they heading?
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
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
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
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
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
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
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
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
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
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Has the Sell off Made it Safe to Return to Emerging Market Bonds?
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
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
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
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
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
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World Stars Five Year Investment Review and Opportunities for 2018
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
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
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’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
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
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
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
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
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President Xi’s Three Wishes for Chinese Football
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
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
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
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Themes and Opportunities in 2017
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”
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
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Renewing the American Experiment of Self-Government
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
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Vincit Preserverantia: Families and the Challenges of Succession
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
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
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Football Finance an Attractive Alternative Investment Opportunity
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
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?
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
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My Voyage of E-Commerce in China
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
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O que sera que sera…. Petrobras
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
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Good Morning Kennedy
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
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
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
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Value Is What You Get
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
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
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
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
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Argentina
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
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
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The Race for Yield and… Sustainable Returns
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
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Advances in Biosimilars – Challenge for Pharmaceutical Companies?
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
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Currency Matters: Why Currency Moves do not Matter for Long-Term Investors
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
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Charting a Course through Troubled Waters
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”
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Oil Prices: A Brave New World?
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.
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Keep Calm and Carry On Clicking
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
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From “Supernormal” to “Normal” Growth: the Paradox of Luxury Investing
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
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The Apple Watch and the rumoured demise of the Swiss Watch industry
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
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Football is a Simple Game
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
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What Would Warren Do
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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