Are equities overvalued?

Let’s briefly go behind the scenes of the Fowler Drew portfolio-management model to see why we think equities are not generally overvalued. The key numbers are shown in the chart. This is familiar territory for investment professionals but private investors may...

The Active/Passive debate

In our paper An explanation of Active/Passive we address the active versus passive investment question: pick stocks or buy the market? We put forward an agnostic case for opting out of active management, or security selection, in favour of a passive approach of...