TCFP’s Random Return Quilt

TCFP’s Random Return Quilt

I’ve spent a good amount of time staring at our Random Return Quilt It shows the returns from six asset classes over each of the last 10 years and the decade as a whole. What strikes me is just how random the returns have been. If I gave you coloured tiles and asked...
The ant or the anthill?

The ant or the anthill?

I take no pleasure in what has happened to the hundreds and thousands of individuals who invested in Woodford Investment Management (WIM). Many will lose money, some of them a great deal of money. They put their faith in a whole host of different people, some or all...