Quarterly Investment Insights

March 2024


Perhaps the four most dangerous words in investing are: ‘This time it’s different.’

With a boom in Artificial Intelligence (AI), a rise in big government spending programs and employment still high it is tempting to think that this time, yes this time, it is indeed different. Certainly, that’s the impression given by some media and markets. Just open the Financial Times, your CNBC app or your preferred markets newspaper and you are hit with headlines of record highs in indexes from Japan to Europe to the US. Forget about a “soft landing”, a new bull market seems to price in economic acceleration.

Scratch under the surface, however, and a different picture emerges. In this edition of our Quarterly Insights, we look at the odds and probabilities and caution that the path to prosperity for equity markets may be becoming increasingly narrow.


Read the full Quarterly Report below and complete the assessment to be awarded 0.75 CPD points. Your certificate will be sent via email once you’ve submitted the assessment.

You can also listen to our Investment Insights alone as audio below.

CPD Assessment

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What does the report suggest is necessary due to the current market conditions characterised by high valuations and economic uncertainty?

According to the report, what is the main benefit of incorporating the volatility risk premium into an investment portfolio?

What historical data is used in the report to caution against long term return prospects with high starting valuations in equity markets?

Which Nobel laureate’s work underpins Talaria’s advocacy for diversification?

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