History – Perpetual Prudence

Ladder Investing

08/09/202225/10/2022 Haydn Martin 0 Comments Average, Bonds, Buy-and-Hold, Distribution, Government Bonds, History, Life-Cycle Funds, Long-term, Pensions, Return, Shares

What’s the best way to invest inside of a fixed, long-term vehicle? I compare Buy-And-Hold, Life-cycle Funds, and a new approach that I call Ladder Investing.

Investment History

Short Term Capital Mismanagement

29/07/202229/07/2022 Haydn Martin 0 Comments Academia, Active Investing, Complexity, History, Leverage, Return

The LTCM was experiment was a disaster. What can we learn from it? I outline 4 lessons learned from revisiting LTCM.

Crypto

Is Crypto Here to Stay?

29/03/202204/07/2022 Haydn Martin 0 Comments Bubbles, Derivatives, Financial Engineering, History, Innovation, Long-term, Speculation

Is crypto just speculation? Or is it a type of financial engineering? Or even real, lasting, impactful technological innovation?

Probability and Statistics

This Stat Pisses Me Off

19/03/202204/07/2022 Haydn Martin 0 Comments History, Induction, Return, Shares, Statistical Inference

I always see people posting something along the lines of “the market has gone up in a 20-year period 90% of the time”. This drives me insane.

Investment Environment

Now It’s All About You

18/01/202204/07/2022 Haydn Martin 0 Comments History

There has been a dramatic shift in the last 50 years of emphasis in personal finance and investing from institutions to the individual. Is this good or bad?

Investment Environment

Nothing Can Hedge Against Inflation

18/12/202104/07/2022 Haydn Martin 0 Comments Cryptocurrency, Gold, History, Induction, Inflation, Oil, Property, Shares, Statistical Inference

Here we look at the most popular inflation hedges and their correlation with the general level of prices. We see that none of them work as inflation hedge.

Personal Finance

Pensions: How We Got Here and Where We’re Going

25/11/202104/07/2022 Haydn Martin 0 Comments Future, History, Pensions, SIPP

Pensions used to be easy – your company did everything for you. Now the system is a mess, you accumulate far too many. We need reform.

Investment History

20th Century Investing

10/08/202104/07/2022 Haydn Martin 0 Comments Bubbles, History, Inflation, Interest Rates, International Investors, Meme Assets, Saving, Shares

The 20th century in the UK was about increasing foreign investment and individual ownership. Today far more people are investing, which is largely a good thing.