The Big Question: What is stopping you adding more risk?

Henry Dixon, Matterley Increasing M&A activity     There seems to be a no shortage of frustration among the investment community at present.  The bears are angry and the bulls, while acknowledging the value case of equities, are underinvested in the main.  While this should in theory be a great backdrop for further outperformance of risky equities there are two things that are making me take a pause for breath.  Firstly the rate of cyclical outperfomance versus more defensive areas has been material. As a result the exceptional value that was in evidence towards the end of la...