The friendly merger of Covidien and Medtronic: A real life case study for Business-Like Investing

The friendly merger of Covidien and Medtronic: A real life case study for Business-Like Investing

The manufacturers of cardiovascular and orthopaedic medical instruments are continuing to see a slowdown in growth in all market segments. Ongoing reforms to healthcare systems all over the world will continue to impact the power of companies to negotiate prices and limit their potential to improve ...

BL-Global Flexible: Situation as at end of April

BL-Global Flexible: Situation as at end of April

Asset allocation The main problem for a balanced fund continues to be the low level of interest rates, which renders money market and bond investments rather unappealing, and makes equities the default investment . Stock market prices ...

From risk aversion to loss aversion (part 2)

From risk aversion to loss aversion (part 2)

"Rule #1: Never lose money" (Warren Buffett)  To my mind, the stranglehold of this academic approach to portfolio management deflects the investor's attention from the main risk of any investment, the risk of losing money. It would therefore seem to be more appropriate to ...

Strong Euro or Weak Dollar?

Strong Euro or Weak Dollar?

The euro's strength continues to surprise. The single currency has not been particularly affected by the geopolitical climate, although it would have been reasonable to suppose that the conflict between Russia and Ukraine, to which Europe is significantly more exposed than the United States, would ...

From risk aversion to loss aversion (part 1)

From risk aversion to loss aversion (part 1)

The terms risk, volatility and return are often linked in finance. This inter-connection has its roots in an academic financial theory on portfolio management that has become widespread in the professional sphere. It uses volatility as a measurement for risk which diverts attention away from ...

The time for reforms

The time for reforms

The Sotchi Games are already well behind us. Now Crimea has taken centre-stage and this means that the prospects for Ukraine and other Central European countries need to be reviewed. For several months, other emerging countries have been negotiating choppy waters that are proving slow to subside, ...

Investment Strategy for 2014: Update

Investment Strategy for 2014: Update

The core aspects of our investment strategy for 2014 have seen little change in the first few months of the year. Favourable environment for equities On the whole, the macroeconomic environment remains  favourable for equities . Economic data published ...

Investing in Japan - In need of structural reforms

Investing in Japan - In need of structural reforms

After decades of disappointments, in 2013 the Japanese stock market posted its best performance in 14 years. The market has benefited from the initial success of Abenomics, the ambitious economic experiment put in place by Prime Minister Shinzo Abe and his government. The aim of this radical program ...

Asia is no exception – quality has its price!

Asia is no exception – quality has its price!

Analysts who are positive about the Asian markets tend to produce graphs showing average P/E ratios for Asia and compare them with American or European P/E ratios, subsequently concluding that Asia as a whole is undervalued . Forward P/E ratio Asia vs. US (absolute and relative) ...

About. The BLI blog features regular analyses and our points of view on the latest economic trends and developments on the financial markets.

OUR METHODOLOGY

BLI's investment management methodology consists of three steps: strategic asset allocation, tactical asset allocation and securities selection.

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