Professional investors can review published thought leadership and market updates from the Argonaut Investment Team.

9 posts found for 2022

‘Investing in a Fossil Future’

Before fossil fuels and the Industrial Revolution, the average person in Britain was no better off than in the days of Julius Caesar. Energy was provided by what today we call “renewables”: wood, charcoal, straw, dried dung and weather dependent rudimentary wind and water mills.

‘Kwasi didn’t Kwrash it’

Hysteria, innumeracy, and investments decisions are rarely happy bedfellows. So it was that following Kwasi Kwarteng’s mini budget, we were drowned by expert media opinion all agreeing on its fiscal “irresponsibility”. When there is apparently such a strong consensus in financial markets it is invariably wrong.

‘Powell’s “Play Extempore” & The 1970’s Stop-Go Cycles’

The most famous example of the “Play Extempore” in Elizabethan theatre is the Great Tavern Scene in Henry IV Part 1, where Falstaff and then Prince Hal, with faux amateur dramatic spontaneity, assume the role of King Henry lecturing his wayward son. Prince Hal, who had to date shared a life of drunkenness and debauchery with Falstaff, claims he will cast off the genial Sir Jack to assume a more virtuous life as King. If Jack Falstaff is inflation – self-indulgent and hedonistic – Prince Hal is Fed Chairman Powell, who after a life of notoriety as the world record money printer, has recently promised “unconditional” “commitment to restoring price stability.”

View more