Neil Woodford’s failure isn’t just a result of poor performance, says Merryn Somerset Webb. It’s down to a failure of governance and the very structure of the fund itself.
Regulatory action against the big tech companies should serve as a warning to investors of just how fragile these stocks’ valuations are.
The frankly stupid idea that pension-fund cash should be available to be used for a house has reared its ugly head again. It should be fiercely resisted, says Merryn Somerset Webb.
Paying people once a month is an outdated hangover from the days of pen and paper. Employers need to get creative or lose out, says Merryn Somerset Webb.
I used to think the lifetime pension savings allowance was a terrible idea, says Merryn Somerset Webb. I’ve changed my mind on that. But there are some things about the pensions system that I will never agree with.
Warren Buffett was once a value investor. Now he’s buying big tech. Merryn Somerset Webb asks Lyrical Asset Management’s Andrew Wellington: “Where’s the real value now?”
Tech firms are listing on the stockmarket in their droves, with their private-equity backers raking in the cash. That’s perfectly sensible. What’s not so sensible is the number of retail investors buying in.
The UK is short of funds offering diversified but very active and intelligent exposure to the global equity market on the cheap. Thankfully, that’s just what Alliance Trust is turning into, says Merryn Somerset Webb.
It’s no longer enough to research the investment methodology when choosing a fund, says Merryn Somerset Webb. You have to check its approach to ethics too.
There’s nothing remotely risqué in buying loss-making firms when they list, says Merryn Somerset Webb. But that doesn’t make it a good idea.
A customs union sounds like a nice idea in theory, says Merryn Somerset Webb. But in reality, it’s a terrible one.
Despite the overwhelmingly remain-leaning sentiments of the House of Commons, Brexit is proceeding relatively well, says Merryn Somerset Webb.