Category: Macro

The 2022 Berkshire Hathaway Meeting

Walking around Omaha, there are reminders of the old West. In the Old Market district, the cobble stones remain, but the old style saloon bars are gone. In their place there are fancy restaurants and bars. There are sculptures of old Omaha, stagecoaches cast from bronze. The railroad is still there, but the original station…

Breaking down quant questions

During the pandemic, a question of where to travel to, hasn’t been uppermost in most of our minds. After all, there’s little point in thinking of travelling when it’s been so difficult, and when our minds have been occupied elsewhere, particularly if you’ve been impacted most by the coronavirus, through illness or through work, such…

Quantifying Politics

We all know that politics impacts markets. However, it can be tricky to understand how to quantify political risk and use it as an input in the investing process. Here we take an updated look at the returns from applying Thorfinn’s political indices to trade a basket of macro assets. During our sample period from…