Insights
Many of the next tier of tech companies are far more expensive than the Magnificent Seven
NBR Articles, Published 16th June 2026
Many people who comment on how expensive the US market is like to single out the magnificent 7 (Nvidia, Apple, Alphabet, Microsoft, Amazon, Meta, and Tesla) as being particularly expensive.
Read MoreOld Birds, New tricks
NBR Articles, Published 12th May 2026
NewBird AI’s newest investor is ‘flipping the bird’.
Read MoreThe Importance of Beholding Earnings (expectations)
NBR Articles, Published 7th April 2026
Numerous broker analysts publish estimates for the future earnings, cashflows, and balance sheets of large listed companies.
Read MorePricing for growth or maximising profit?
NBR Articles, Published 3rd March 2026
Many businesses have a fair degree of discretion in how they price their products or services.
Read MoreWhat is the downside risk for US equities?
NBR Articles, Published 27th January 2026
A lot of people allocate investments between markets based on their assessment of expected returns, often overlooking worst-case scenarios when making asset allocation decisions.
Read MoreKnowing what you don't know
NBR Articles, Published 2nd December 2025
In equity markets, you will often come across people who talk extremely confidently about the future of their favourite company.
Read More...... the harder they fall
NBR Articles, Published 28th October 2025
Throughout history, share markets have experienced several crashes, when market indices have dropped 30% or more below their previous highs.
Read MoreWhy do passive global equity funds fall so far short of market returns?
NBR Articles, Published 23rd September 2025
As all investors should know, the majority of active fund managers underperform their benchmarks over extended periods of time.
Read MoreThe Limits of Quant
NBR Articles, Published 19th August 2025
For investors experienced in fundamental analysis, quantitative investing (“quant”) can seem too simple to work.
Read MoreAre US markets sleepwalking into an inflationary shock?
NBR Articles, Published 15th July 2025
Since the initial sharp reaction to Trump’s “Liberation Day” tariff announcements, US markets have fully recovered.
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