Passive versus Active Investment.
The game may have changed but the rules remain the same.
The four most expensive words in the English dictionary are ‘this time it’s different” was once famously quoted by Sir John Templeton.
Whilst poignant quotes are ten-a-penny, this particular quote by the founder of Templeton investments struck home, namely because we are now well into one of the longest and ‘most hated’ bull markets on record, as some like to call it.
The more time TAM sit at meetings discussing the trajectory of the world’s capital markets, the more we hear the phrase, “Well this time it’s different!” read our thoughts on this unprecedented environment.