Much have I suffered, laboured long and hard by now in the waves and wars. Add this to the total —bring the trial on! Odysseus in Homer’s Odyssey This year…

“There’s a lot of baggage that comes with us.  But it’s like Louis Vuitton baggage.  You always want it.”                                                                                                                              Kim KardashianIt certainly looks like we have a lot of baggage. …

August is a time for reading and reflection.  This year has turned out very differently from what we had expected.  So much of our everyday reality has changed because of…

Investing is all about the fundamentals.  Markets and our portfolios have been resilient in the face of the economic dislocation we have seen due to the Covid-19 pandemic, warranting our…

“There is no such thing as a rich pessimist” — Max WarburgEvery once in a while we come across a saying that strike us as noteworthy.  We are used to…

The Covid-19 is the first pandemic of our globalized age.  It is also the first serious crisis we have faced with our investment approach since we started our World Stars…

As long-term investors we are used to thinking about different outcomes, including extreme ones, and trying to ensure that our investments have the quality and value to weather the crises…

It is a time of great uncertainty and concern for investors in global markets because of the COVID-19 outbreak and the possibility that governments in Europe (at time of writing),…

When Maurice Stern had to leave Paris with his family to escape from the German occupation and came to New York, he had to decide how to invest the capital…

One of our themes this year has been the progress achieved across so many measures of human life, health and prosperity, and that offers a justified cause for hope that…