Microsoft versus Apple

Microsoft’s shares went through USD 2 trillion in total value on 22 June, making it only the third company, after Apple and Saudi oil firm Aramco, to do so. Microsoft and Apple are brilliant companies which have created immense amounts of value for their customers and shareholders alike. They are each now worth more than the whole […]

Inflation winners and losers

Which asset classes are generally most resilient to rising inflation? Is it shares? property? bonds? infrastructure? If we put aside (for now) the possible unwinding of QE, then I have infrastructure and negatively geared property at the top of my list. There are many considerations in regard to inflation resilience, but here I emphasise two in particular. First, the […]