Investment Writings

“Facts do not cease to exist because they are ignored”
– Aldous Huxley

At LWM we look to share our knowledge in a simple, thought provoking way which enables you to engage with our philosophy. This is true Value in knowledge.

‘Investment Writings’ contains thought provoking pieces written by our team and respected individuals.

George Ladds

george-circle-contactGeorge is a Director at LWM Consultants Limited. He provides articles around investment themes, including opportunities and risks.

Quarterly Portfolio UpdateJanuary 2019
Quarterly Market UpdateJanuary 2019
Quarterly Portfolio UpdateOctober 2018
Quarterly Market UpdateOctober 2018
Quarterly Portfolio UpdateApril 2018
Quarterly Market UpdateApril 2018
Quarterly Portfolio UpdateJanuary 2018
Quarterly Market UpdateJanuary 2018

Paul Berry

badger-contactPaul is the founder of LWM Consultants Limited. He shares his thoughts on investing.

To read latest thoughts visit our blog page.





Industry views

This section contains pieces written by industry experts which we believe you will find interesting:

Compendium of InvestmentSarasin & Partners - January 2016
Debts, Deficits and DelusionsJames Montier - January 2016
Who Ate Joe's Retirement Money?Peter Chiappinelli & Ram Thirukkonda - August 2015
Financial Heresy and Potential Utility in an ERP FrameworkJames Montier & Ben Inker - August 2015
China - King Canute Holding Back the Waves?Arjun Divecha - July 2015
What Do High-Yield Maturities Tell Us About Timing the Credit MarketAra Lovitt - July 2015
Chasing Will-'o-the-WispJames Montier - April 2015
The Case for Not Currency Hedging Foreign Equity InvestmentsCatherine LeGraw - April 2015
Barclays Gilt Study2015
Is Skill Dead?Neil Constable & Matt Kadnar
A CAPE Crusader ─ A Defence Against the Dark ArtsJames Montier – April 2014
Investing for Retirement:
The Defined Contribution Challenge
Ben Inker and Martin Tarlie – April 2014

Warren Edward Buffett

warren-buffettWarren Edward Buffett is an American investor, industrialist and philanthropist. He is widely regarded as one of the most successful investors in the world. Often called the “legendary investor, Warren Buffett”, he is the primary shareholder, chairman and CEO of Berkshire Hathaway.He is consistently ranked among the world’s wealthiest people. He was ranked as the world’s wealthiest person in 2008 and is the third wealthiest person in the world as of 2011.

Buffett is called the “Oracle of Omaha”or the “Sage of Omaha” and is noted for his adherence to the value investing philosophy and for his personal frugality despite his immense wealth.Buffett is also a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation.

Read his annual letters to shareholders:


Jeremy Grantham

jimmy-150x150Jeremy Grantham is a British investor and Co-founder and Chief Investment Strategist of Grantham Mayo Van Otterloo (GMO), a Boston-based asset management firm. GMO is one of the largest managers of such funds in the world, having more than US $107 billion in assets under management as of December 2010. Grantham is regarded as a highly knowledgeable investor in various stock, bond, and commodity markets, and is particularly noted for his prediction of various bubbles.

He has been a vocal critic of various governmental responses to the Global Financial Crisis. Grantham started one of the world’s first index funds in the early 1970s.

Read his quarterly newsletters:

Emerging Value and Margin of Superiority and Why Are Stock Market Prices So High?GMO Quarterly Letter – August 2017
Up At Night and This Time Seems Very, Very DifferentGMO Quarterly Letter – May 2017
Is Trump a Get Out of Hell Free Card? and The Road to Trumpsville: The Long, Long Mistreatment of the American Working ClassGMO Quarterly Letter – January 2017
Hellish Choices: What's An Asset Owner To Do? and Not With A Bang But A WhimperGMO Quarterly Letter – November 2016
The Duration QuestionGMO Quarterly Letter – July 2016
Keeping the FaithGMO Quarterly Letter – May 2016
Give a Little Credit to High YieldGMO Quarterly Letter – February 2016
Just How Bad is Emerging, and How Good is the USGMO Quarterly Letter – December 2015
Price-Insensitive SellersGMO Quarterly Letter – July 2015
Breaking Out of BondageGMO Quarterly Letter – April 2015
Ditch the Good, Buy the Bad and the UglyGMO Quarterly Letter – February 2015
Bubble Watch UpdateGMO Quarterly Letter – November 2014
Free Lunches and the Food Truck RevolutionGMO Quarterly Letter – July 2014
Looking for bubblesGMO Quarterly Letter – April 2014
Year-End Odds and EndsGMO Quarterly Letter – January 2014