Protecting the real value of our clients’ capital over the long term

Unintended Consequences

Nick Train

Amidst the recent reportage about the winnowing out of the UK stock market, I was particularly struck by William Hague’s article in The Times in March. He somewhat shamefacedly quotes an expert on the pension industry who notes the UK has become “the only major economy where local pension funds have in effect abandoned investment in domestic companies.”

The Triumph of Experience Over Hope

James Bullock

In 2014 Michael Lewis’s Flash Boys introduced the public to the frantic practice of high frequency trading. Orders, millions per second, executed at speeds to outpace or even front-run others. A frenetic world about as far away from Lindsell Train’s languid approach as possible.

Muddy Waters

Madeline Wright

This piece is a companion to an earlier insight, “Scope 3 Under The Microscope”, in which I observed that our ESG work has highlighted a number of themes pertinent to a large proportion of our portfolio companies.