Investment Report No.86

9th October 2025 marked 25 years since the establishment of Troy. It has been quite a journey, beginning in the shadow of the dotcom boom and the ensuing equity bear market from 2001-2003. Remarkably, a quarter of a century on, markets appear once again suspended between promise and speculation.

10 mins

Investment Report No.85

In the world of financial markets, where a tendency towards complexity and intellectual cartwheels often obfuscates simple truths, it can be clarifying to speak to someone one step removed.

12 mins

Investment Report No.84

So-called ‘Liberation Day’ on 2nd April saw a continuation of the predictable unpredictability characteristic of Donald Trump.

10 mins

Investment Report No.83

History in the making As events unfold, it can be difficult to parse out what will make it…

10 mins

Investment Report No.77

We are slowly emerging from a prolonged period of distortion born of zero interest rates.

11 mins

Special Paper No.12

As long as the music is playing, you’ve got to get up and dance. We’re still dancing Chuck…

9 mins

Investment Report No.76

Mixed Messages The past few weeks are confirmation, if any was needed, that there are consequences of rapidly…

11 mins

Investment Report No.75

A down year “Sell when you can; you are not for all markets.” As You Like It, William…

11 mins