Аннотация

In <i>The Retreat of Globalisation</i>, award-winning fund manager Gervais Williams outlines why we are entering a period when the culture of financial markets will change more in three years than it has in the last 30.
Globalisation has been running into headwinds for a while, but until recently few appreciated that it had already passed its high-water mark. With the benefit of hindsight, we can now see events like Brexit and the election of Donald Trump in the context of a new social – and economic – trajectory.
Markets have already entered a period of flux. Social disenchantment with globalisation was already a political issue. But the market implications of a retreat from globalisation remain greatly under-appreciated.
How can savers know what might constitute the best stocks in this changed world? <i>The Retreat of Globalisation</i> argues for some unconventional yardsticks going forward. The answers may seem counter-intuitive to those who have only known one set of economic conditions. But the need to find those answers has never been more pressing.
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Аннотация

In a financial world dominated by gigantism, the beauty of smallness hasn't had much of a look in. Yet beyond the credit boom, globalisation has been found wanting, with growth hard to find. Could it be that small firms are set to be the stock market outperformers of the future?
This book confounds the current 'big is better' consensus, with Gervais Williams' extraordinary data showing why smallness offers an effective path for investors beyond the financial crisis.
But this book is about so much more than just the case for small being beautiful. It also explains why the unique characteristics of AIM – the UK market for smaller, growing companies – will be a place of extraordinary vitality in the coming years.