David Stevenson

1 month ago | citywire.com | Natalia Vasnier |Richard Lander |Himanshu Singh |David Stevenson

The New York magazine headline couldn’t have been clearer. Everyone Is cheating their way through college; ChatGPT has unraveled the entire academic project. There are many education experts out there who think the whole teaching business will have to change because of AI. Why do the hard yards of reading and studying when you just type a few prompts? Daisy Christodoulou isn’t so sure, having seen many ‘earth-moving’ education technologies come and go over the years.

1 month ago | citywire.com | Algy Hall |Himanshu Singh |David Stevenson

GoDaddy features in Citywire Elite Companies recent pricing-power screen. There was a time when the ambitions of go-getters could be met by the demands of a nine-to-five job. Today, though, increasing numbers of upwardly mobile types want the added challenge, and income, of a side hustle. From selling home crafts to online tutoring, cottage industry sidelines are blossoming and most of them require a presence on the World Wide Web.

1 month ago | citywire.com | David Stevenson

This will be David Stevenson’s final column for Investment Trust Insider. We would like to thank him for all the columns over the years. For the last few months, I’ve been saying to anyone who cares to listen that active exchange-traded funds (ETFs) are a potent, long-term threat to the equity heartland of investment trusts. That said, I don’t want to over-dramatise the danger.

1 month ago | citywire.com | David Stevenson

I realise that investors hate uncertainty, but sometimes that uncertainty and its accompanying volatility destroys the mask of complacent consensus views. It reveals profound changes that need to be acknowledged at a portfolio level. We’ve all got our opinions about US president Donald Trump, but one favour he’s done us all is to rip away a consensus around globalisation, and (tech-inspired) American exceptionalism. A whole series of market shibboleths are falling around us.

2 months ago | citywire.com | David Stevenson

I don’t want to scare the horses, but this week I thought I might strike a positive tone; there is one part of the investment trust spectrum that is ideally positioned for what might be coming next in our very uncertain macro environment. I’m talking about the London market’s extensive collection of debt and lending funds.