Sebastian Lyon, the CEO of Troy Asset Management, is one of the coming talents in investment management. The firm he runs was recently given the mandate to run the Personal Assets Trust in Edinburgh, following the untimely death of Ian Rushbrook in October last year. Troy Asset Management started life with the task of running the family money of the late Lord Weinstock and other senior managers at GEC, from whom he inherited his conservative investment style and a focus on capital preservation. This Q and A describes his current positioning.
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Life Beyond Efficient Markets
The most interesting thing about the Efficient Markets Hypothesis is not whether it is valid or not – clearly it is not – but how
Peter Bernstein’s Legacy
It is so many years ago now that I cannot exactly recall when it was that I started receiving Peter Bernstein’s Economics and Portfolio Strategy
Normality Returns – Up To A Point
Pinch yourself for a moment and it is possible to convince oneself that the financial markets have returned to normality after the drama of the
The Argument For Long Bonds
One phrase of Professor Paul Samuleson’s that has stuck in my mind for 20 years was his exhortation that investors should always “work the other
No Going Back – Guy Monson
The stock market rally since its lows in early March (up 37% as of May 20th) has now exceeded any previous recorded bear market rally
Jonathan Davis 