11 months ago • 3:46 mins
Legendary investor Howard Marks has constantly stressed the importance of “second-level thinking” – identifying the less-obvious consequences of a market-moving event – over the easy conclusions of “first-level thinking”. But with so many investors falling for a classic example of the latter right now, this seems like the perfect moment to make sure you’re in the esteemed group of second-level thinkers.
The conflict in Ukraine sent the price of oil to a 14-year high earlier this week, and that’s brought many investors to a straightforward conclusion: that surging oil prices will cause prices
The market took a beating last year, but now it’s starting to punch back. Russell’s taken a look at the strong start to the year and where the opportunities might be.
Two pharma giants have got breakthrough weight-loss treatments. So Luke’s looked at this industry, and whether it can add some heft to your portfolio.
Morgan Stanley’s prestigious wealth management unit has been selling off some US stocks to boost its exposure to developing economies. Russell explains why it’s betting so big