Let's hope somebody writes it!

Probably another example of the listed parent either extracting too much of the cash for themselves or imposing too much bureaucracy.

And here is an excellent podcast with Glen Finegan, a protégé of Angus Tulloch, who now runs Skerryvore Asset Management following a similar investment process.

Scandinavian countries rank high on GDP per capita, on the Human Development Index, and low on inequality. They're exactly the countries we should be trying to emulate for a better and more successful society.

It's really hard for politicians not to make such changes when an issue polls like this.

Zak Polanski on Newsnight last night was trying to argue that immigration isn't a problem. I don't think that position washes with the public.

Can it just be a run of bad luck that we've had 7 consecutive terrible Prime Ministers?

Latest reading: "1929" by Andrew Ross Sorkin.

With access to many new sources, this is an excellent updated history even for those who have read "The Great Crash" by JK Galbraith. A real page-turner.

Many parallels to today too!

Interesting angle, thanks.

Sage, Experian, and LSEG also might need to invest in AI to remain relevant with customers.

I think one of his key problems is the heroic position-sizing.

I actually own both of those names. But I have much smaller positions and other names are doing well, so I can take the volatility.

Strong agree.

Lack of fiscal headroom and the constant speculation about measures to fix it has in my view been hugely damaging to confidence (and therefore the cyclical segments of the economy).

A budget that resets fiscal headroom will therefore be hugely helpful.

Latest reading: "Gresham's Law" by John Guy.

A biography of Sir Thomas Gresham, who acted as banker to Edward V, Mary, and Elizabeth I.

Quite a story. He kept screwing-up, and screwing-over counterparties and even his own family members. Died with an estate in bankruptcy.