Tag Archives: speculation
We generally speculate with our money- not with other people’s
Why do we take risks? The common answer is that you have to speculate to accumulate. I met a young man at Wincanton racecourse yesterday afternoon and he’d had a good day making more than £1,000 on his betting. I … Continue reading
LDI – “investment or speculation?” – Keating and Clacher
On 1st January, we published our first short blog on the proposed DB Funding Code: In that commentary, we raised several issues of principle with state directed investment, as well as issues over the magnitude of the risk … Continue reading
End of the road for LDI?
Thanks to those brave souls who braved “Southern”, the tube strike and filthy weather to attend yesterday’s lunch which asked “has LDI had its day?”. One answer to that question was clear, I learnt that the top performing asset class … Continue reading
Posted in pensions
Tagged Bank underground, Blog, Bonds, Investment, Japan, LDI, Liability Driven Investment, opportunity cost, speculation, Value at risk, VAR, yield
1 Comment