Gilts and Consols I’d never heard of Liability-driven Investing (LDI) until it drove Defined Benefit (DB) pensions in the UK to the brink of insolvency.
Memories Memories, as Grizabella might have purred huskily in Cats, are not so much forgotten as mislaid.
Keep the Home Fires Burning I love writing about stocks and shares when they are going up. Today I’m biting the bullet. I want to see how my two favourite safety plays are faring in today’s challenging conditions.
Doing the Splits If you hold shares in a personal favourite of mine, Personal Assets, you are in for a big surprise on Monday.
Downton Abbey I doubt I will ever read Moby Dick and I never thought I’d watch Downton Abbey. Now I’m hooked on the latter.
Squeeze the Rich until the Pips Squeak. I’m writing a gripping history of taxation, “From Boston Tea Party to Poll Tax Riots”. It will not be a best seller.