Perspectives
What is actually going on in investment markets outside the USA?
March, 2025
For UK investors, rising bond yields bring back the memory of the 2023 mini budget which led to instability and lost our then Prime Minister and Chancellor their jobs in very short order. The context of then and now is very different and is driven more by global developments than by a domestic finance strategy. […]
Unintended consequences
February, 2025
The majority of developed economy electorates are towards the centre of the political spectrum. Most have a bias to the left or the right, but the majority occupy this centre ground. It may not feel like it at times such as now, but the analysis shows that this is a fact, even in the United […]
Aligning your investments with your objectives
February, 2025
Benjamin Graham’s views on asset allocation have significantly influenced Tacit’s approach to investment, emphasising a balanced and disciplined approach to portfolio management. His principles, first published in the book ‘The Intelligent Investor’ in 1949, continue to shape how we think about risk management and long-term wealth accumulation in a world where short-term investment trading and […]
Man With a Hammer Syndrome
February, 2025
At Tacit we intentionally try to avoid the day-to-day noise that can buffet investment markets, as history shows us that making any knee jerk decisions generally leads to bad investment outcomes. Our approach is to focus on the longer term economic trends and look for disconnects in current market pricing to take advantage for our […]
They seek it here, they seek it there
January, 2025
Volatility in the technology space picked up markedly this week driven by news flow related to a Chinese Artificial Intelligence (AI) product called DeepSeek. We thought some context would be important to our readers, as large falls in share prices can lead to anxiety and knee jerk reactions which are bad for longer term investment […]
Animal Spirits
January, 2025
President Trump is a divisive character and politician, of that there is no doubt. But could his approach to the US economy actually benefit us all in a roundabout way? President Trump is a divisive character and politician, of that there is no doubt. But could his approach to the US economy actually benefit us […]
Why investors cannot ignore China
January, 2025
The UK chancellor’s visit to China last week grabbed headlines due to the US president-elect’s dislike of the Chinese as well as the long standing security risks. In reality the UK has no choice but to work with China, as it has no choice but to work with the US. These are the two largest […]
Looking back and, most importantly, ahead
January, 2025
The slower pace of living for most people over the Christmas and New Year season is often a time for taking stock of the year that has been and the prospects of the one beginning. This year, there has been more than usual to occupy walks in the park and dinner-table conversation. In what seems […]
Overdiversification can be as risky as not diversifying
December, 2024
Imagine you are a school teacher. You are looking for a new job and there are two alternatives. The first involves a small school – there are 20 pupils. It isn’t an easy job. You will be responsible for keeping a very close eye on the children, analysing their every move every day and hoping […]