John Looby

AI will certainly uncover new patterns and set new targets, but beating the market still isn’t easy. In truth, the sobering insight of Howard Marks is inescapable. We still need to be different, and we still need to be right.

Like Odysseus plugging his crew's ears to avoid temptation, investors should stay the course and not allow fluctuation and uncertainty in the stock market to distract them from the likelihood of long-term investment gains.

The collective approach promoted by Keynes lost out in 1919, ushering in a Second World War – but triumphed in 1944 and resulted in decades of prosperity. Its lessons are just as valid in today's world.

The worlds of psychology, economics and investing lost a giant last week. At the grand old age of 90, Daniel Kahneman died peacefully at his home in Manhattan.

Just because Ireland missed the opportunity to lock in record low rates before last year doesn't mean it cannot do it at still low rates today. No matter what bond market disciplinarians say, extending the maturity of currently cheap debt for decades remains a desirable insurance policy against uncertainty.

The imminent restoration of power-sharing in Northern Ireland cannot hide the fact that British interest in solving Irish issues is waning as the London government struggles to deal with a slew of critical issues.

From leverage to going long, John Looby gives his advice on investment strategies that might provide some returns over the years ahead.

We have buried our heads in the sand. Our deluded scoffing at Farage, at Trump, at Le Pen, at Orban, at Meloni, at Wilders and every other tribal shaman is over. Our deluded denial of the tribal beast slouching in our midst should be over too.

Many professional investors spend time meeting the management of the companies they own or may own in the future. Unfortunately, such meetings are at best a waste of time, and more likely a costly waste of time.

Too often, anecdote tramples evidence and confected emotion drowns reasoned argument. Like Brexit fever and Trump mania, there is no easy balm. But before we succumb, we should ponder the cat, the box, and the future. We might not get another chance.