Mellon on the Markets: Fast-changing views for a fast-changing world

Follow this link if this email is not displaying correctly DAILY BULLETIN Monday 29 August 2017 Mellon on the Markets by Jim Mellon | Economics | 5 mins. to read This missive is being written on the Edinburgh to London train, as I return from a full week at the Edinburgh Festival. My friends Alan and Fran Steel of Alan Steel Asset Management, Scotland's most successful IFA (Independent Financial Adviser), asked me to speak to a selection of their clients during my visit, which I was more than happy to do. Aside from longevity, which is my theme du jour (and beyond), I commented on how I saw returns in different asset classes panning out over the next year or so. I pointed out how excessive the valuations of so called FANG (Facebook, Amazon, Netflix, Google) stocks are at the moment, with Tesla (NASDAQ:TSLA) a particularly glaring example. That particular vertiginously challenged stock capitalises each car it sold in 2016 at around $880,000, which compares to a capitalisation of just $5,000 per car sold at GM.   Click here to read the full story LATEST STORIES FROM OUR BLOG I caught the falling knife by Evil Knievil | Evil Diaries | 1 mins. to read Had Theresa May openly declared herself a Corbynista I might have understood the mad thinking behind a proposed attempt to bring directors' pay under control not merely for public companies but for private companies as well.   Click here to read the full story Is your portfolio locked and loaded for the next arms race? by Victor Hill | Equities | 11 mins. to read In the September edition of the MI magazine I'm going to be analysing why military expenditure is going to rise in a multi-polar world. This will be good news for defence contractors.   Click here to read the full story QUOTE OF THE DAY "To see things in the seed, that is genius."                                              Lao Tzu MASTER INVESTOR SHOW VIDEO EXCLUSIVE LATEST EDITION OUT NOW Climate Change - Curse or Opportunity? Carillion's collapse - The lessons for investors Small caps, big potential  - The best funds and trusts to go small REITs vs. Buy-to-let - Which one is right for you? Frontier Markets - The wild west of investment   Click here to read online Master Investor Ltd. Suite 88, 22 Notting Hill Gate London, W11 3JE T: +44 7515 542707 E: swen@masterinvestor.co.uk Share the newsletter: Follow us: Copyright © 2017 Master Investor Ltd, All rights reserved. Master Investor is a trading name of Master Investor Ltd. Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such decision. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news. Want to change how you receive these emails? Why did I get this | Unsubscribe from this list | Update subscription preferences