Posts by Leonardo Drago

Despite a steady stream of negative newsflow, and despite a weak August, a further -5 per cent fall in September, and a -3 per cent drop in October, equity markets have so far stayed relatively calm, at the worst point giving back half of the year to date gains

To put it mildly, I have not been a fan of illiquid investments

“I want half of the money!”

It seems like every other article recently has been on Artificial Intelligence. Even non-investment magazines are featuring front-cover articles on AI. It’s enough to make every contrarian investor’s hair stand on end

During HBO’s acclaimed series Succession’s first season, I was discussing the show with a friend over dinner, and they marvelled at how the patriarch of the family…

‘Leo, what do you think of this CoCo?’
Like clockwork, every few weeks for the last decade one of our clients would forward an email…

As we enter the age of AI investing, it’s not hard to imagine a future where investors are replaced by robots. But what happens when those robots start investing in other robots?

In the last two months I’ve had three client prospects come see me, all of whom suffered significant losses in last year’s challenging financial markets, between -40% and -70%

“Time reveals the truth”. – Seneca

Indicators are falling into place for next year’s outlook, but not in the way investors are anticipating