Deep dive: Inflation | EP99
Inflation cycles throughout history, Keynes vs. monetarists, and why the enemy is…still us.
The Art of Boring™ was created for curious and passionate investors. We share strategies, frameworks, and insights to help readers and listeners make better investment decisions. Our aim? To provide some bottom-up, long-term investing signal to cut through the short-term noise.
Inflation cycles throughout history, Keynes vs. monetarists, and why the enemy is…still us.
‘Twas the week before Christmas, so let's have some fun. Mawer recaps the main themes of 2021.
Global debt, China’s credit cycle, shifting monetary and fiscal policy objectives, and the three scenarios we are thinking about this year.
Impacts of higher inflation and interest rates and the benefits of an integrated research team.
How an engineering principle can improve investment risk management.
Inflation risk, slowing global growth, and the un-globalization trend—a review of Q3.
Why we launched—our interest and history in U.S. mid cap stocks—potential benefits of the asset class, and a few holding examples.
John Kay’s “simplicity, modularity, redundancy” risk framework elements and our ongoing risk management process improvements.
Mispricing patterns we’re seeing in the market; where we’re finding an edge; improving our management team assessment techniques.
A real time risk management discussion addressing the increasing regulatory pressures currently impacting a wide range of businesses in China.
The tremendous IPO activity led by tech companies; our evaluation process for a company prior to it becoming public; and recent matrix meeting outcomes for the portfolio.
Philip Fisher’s continuous relevance; determining fair value ranges for blitzscalers; and potentially overlooked opportunities in Russia and Kazakhstan.
Inflation cycles throughout history, Keynes vs. monetarists, and why the enemy is…still us.
‘Twas the week before Christmas, so let's have some fun. Mawer recaps the main themes of 2021.
Global debt, China’s credit cycle, shifting monetary and fiscal policy objectives, and the three scenarios we are thinking about this year.
Impacts of higher inflation and interest rates and the benefits of an integrated research team.
How an engineering principle can improve investment risk management.
Inflation risk, slowing global growth, and the un-globalization trend—a review of Q3.
Why we launched—our interest and history in U.S. mid cap stocks—potential benefits of the asset class, and a few holding examples.
John Kay’s “simplicity, modularity, redundancy” risk framework elements and our ongoing risk management process improvements.
Mispricing patterns we’re seeing in the market; where we’re finding an edge; improving our management team assessment techniques.
A real time risk management discussion addressing the increasing regulatory pressures currently impacting a wide range of businesses in China.
The tremendous IPO activity led by tech companies; our evaluation process for a company prior to it becoming public; and recent matrix meeting outcomes for the portfolio.
Philip Fisher’s continuous relevance; determining fair value ranges for blitzscalers; and potentially overlooked opportunities in Russia and Kazakhstan.
We need to understand where we are in the debt super cycle to inform our investment decision making.
Recent AI breakthroughs are underscoring the power of the centaur model—humans + machines—creating something more potent than either model operating independently.
In our view, market participants systematically underestimate the importance of vulnerabilities while correspondingly overestimating the importance of triggers. Why?
It’s inflation’s second punch that can deliver a blow that investors may not be expecting.
'Twas the week before Christmas, thus time to review—the economic story of 2022.
We tend to think of our world in linear terms, where the output of a system is proportional and directly correlated to its inputs.
The conundrum for investors these days is the trade-off between the value of quality and price to pay for it.
History doesn’t repeat itself, but it often rhymes.
~Mark Twain
‘Twas the week before Christmas, so let's have some fun. Mawer recaps the main themes of 2021.
How an engineering principle can improve investment risk management.
We explore the evolution of Modern Monetary Theory (MMT) and the notable economic ideas on which it is based. We highlight some notable criticisms and discuss implications of MMT for economic policy and financial markets. Our purpose is less focused on opining whether MMT is fundamentally sound, but rather aimed at understanding its development and how the ground may shift if indeed MMT-based policies are more widely embraced.
I’ve been revisiting Philip Fisher’s Common Stocks and Uncommon Profits recently. Scanning the opportunity set in emerging markets, I’ve been trying to imagine what Fisher would have made of the current investment landscape.
‘Twas the week before Christmas, (and you know it’s true), COVID looms large in our annual review.
We need to understand where we are in the debt super cycle to inform our investment decision making.
Recent AI breakthroughs are underscoring the power of the centaur model—humans + machines—creating something more potent than either model operating independently.
In our view, market participants systematically underestimate the importance of vulnerabilities while correspondingly overestimating the importance of triggers. Why?
It’s inflation’s second punch that can deliver a blow that investors may not be expecting.
'Twas the week before Christmas, thus time to review—the economic story of 2022.
We tend to think of our world in linear terms, where the output of a system is proportional and directly correlated to its inputs.
The conundrum for investors these days is the trade-off between the value of quality and price to pay for it.
‘Twas the week before Christmas, so let's have some fun. Mawer recaps the main themes of 2021.
How an engineering principle can improve investment risk management.
We explore the evolution of Modern Monetary Theory (MMT) and the notable economic ideas on which it is based. We highlight some notable criticisms and discuss implications of MMT for economic policy and financial markets. Our purpose is less focused on opining whether MMT is fundamentally sound, but rather aimed at understanding its development and how the ground may shift if indeed MMT-based policies are more widely embraced.
I’ve been revisiting Philip Fisher’s Common Stocks and Uncommon Profits recently. Scanning the opportunity set in emerging markets, I’ve been trying to imagine what Fisher would have made of the current investment landscape.
‘Twas the week before Christmas, (and you know it’s true), COVID looms large in our annual review.
Lead portfolio manager, David Ragan, discusses how the portfolio did over the past year, why some companies were more resilient than others, and what makes skepticism a competitive advantage.
A look back on the major investment themes of 2020, and a look ahead at some of the risks and opportunities on our radar.
Our three hosts narrate Mawer's timely variation of "'Twas the week before Christmas"—an annual review of the year. Stay for the bloopers!
Front-of-mind investment learnings from equity analysts Justin Anderson and Joshua Samuel on the dynamic, evolving gaming universe.
Mawer U.S. Equity Portfolio Manager, Grayson Witcher, takes us through how the team approaches portfolio construction.
A deep dive into three new holdings: Stella-Jones, Ritchie Bros., and Granite REIT, and what we mean when we say “winning by not losing.”
A review of the quarter: the ongoing impacts of COVID-19 on economic activity, continuing fiscal and monetary stimulus, and the run-up to the U.S. election.
Crista Caughlin, lead portfolio manager of Mawer’s fixed income strategies, discusses potential impacts of increasing global debt in a low interest rate environment and the three economic scenarios top of mind for the bond team.
CIO Paul Moroz discusses resilience, global monetary policy, and current themes such as TikTok and a potential “technological iron curtain.”
Building resiliency while finding opportunities in emerging markets.
A deep dive into the themes, fundamentals, and opportunity sets in the payments industry.
The impacts, risks, and potential opportunities from the COVID-19 crisis fallout on the Canadian small cap universe, and why valuations are ultimately a “blunt tool.”
Lead portfolio manager, David Ragan, discusses how the portfolio did over the past year, why some companies were more resilient than others, and what makes skepticism a competitive advantage.
A look back on the major investment themes of 2020, and a look ahead at some of the risks and opportunities on our radar.
Our three hosts narrate Mawer's timely variation of "'Twas the week before Christmas"—an annual review of the year. Stay for the bloopers!
Front-of-mind investment learnings from equity analysts Justin Anderson and Joshua Samuel on the dynamic, evolving gaming universe.
Mawer U.S. Equity Portfolio Manager, Grayson Witcher, takes us through how the team approaches portfolio construction.
A deep dive into three new holdings: Stella-Jones, Ritchie Bros., and Granite REIT, and what we mean when we say “winning by not losing.”
A review of the quarter: the ongoing impacts of COVID-19 on economic activity, continuing fiscal and monetary stimulus, and the run-up to the U.S. election.
Crista Caughlin, lead portfolio manager of Mawer’s fixed income strategies, discusses potential impacts of increasing global debt in a low interest rate environment and the three economic scenarios top of mind for the bond team.
CIO Paul Moroz discusses resilience, global monetary policy, and current themes such as TikTok and a potential “technological iron curtain.”
Building resiliency while finding opportunities in emerging markets.
A deep dive into the themes, fundamentals, and opportunity sets in the payments industry.
The impacts, risks, and potential opportunities from the COVID-19 crisis fallout on the Canadian small cap universe, and why valuations are ultimately a “blunt tool.”