What do the following three stories have in common? A video highlight of Lebron James dunking a basketball sold for $208,000 USD on NBA Top Shot (a new blockchain-based platform that allows fans to buy, sell and trade NBA-licensed GIFs…
The finance world has long assumed that markets are “efficient”. In other words, investors’ actions are perfectly rational and they act in their self interest in order to maximize their personal benefit. It also assumes that everyone has access to perfect information…
If I had told you in the Fall of 2016 – not even five years ago – that Elon Musk would be the richest man in the world, a global pandemic would virtually shut down the entire world, and a…
Note: In the Northwood Perspective newsletter, we usually target our writing to current and prospective family office clients (i.e. those with $10M+ of investable assets). However, we are also aware that many other people read our newsletter on a regular…
For investors seeking income, the investment landscape has become an increasingly complicated one over the past several years. Two prevailing themes have been ‘yield compression’ and recurring volatility explosions. Over the past decades, yields on traditional fixed income instruments have…
Quick quiz: Which U.S. President of the last 70 years presided over the largest overall percentage gain in the stock market? If you answered Bill Clinton, you are correct. Over his eight years in office from 1993-2001 the S&P 500…
Of the many surprises that 2020 has delivered to date, the one I find the most counter-intuitive and least explicable is the growing performance disparity between value stocks and growth stocks. Through the end of May, the S&P 500 Pure…
As we embark on a new year, there’s no better time to take a step back for some perspective on a few of the major themes and trends that are currently shaping financial markets and should be watched closely in…
Each month at Northwood, we gather the partners, client team and investment team together for our monthly investment meeting. This meeting has a variety of purposes. It’s a chance to review the performance of our preferred investment managers and their…
This is the third instalment in a series that explores a number of finance and investment concepts in both theory and in practice. Chemists use the term “volatility” to describe the tendency of a liquid or solid to evaporate at…
