Cowley: The illusion of material equivalence

DEBT

clock

We have lived on debt, debt and more debt. We have all been complicit, governments, banks, producers, retailers, consumers. Now we have to pay it back.

My laptop finally came to the end of its useful life on Friday. We have been together for four years. But the accumulation of viruses, a full registry and programs that take up gigabytes of memory have filled its brain to overflowing. I finally fell into the arms of Apple, much to the delight of my daughters. Process But the whole process set me to thinking about our time together. I bought my laptop from savings; money in the bank. Another Stewart Cowley, in a parallel universe, would have bought it with credit. At the end of four years, we both would have a virus-riddled collectio...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Insight: Is it time to rebalance portfolios as the UK economy stabilises?

Partner Insight: Is it time to rebalance portfolios as the UK economy stabilises?

Brooks Macdonald
clock 18 November 2024 • 2 min read
Partner Insight: The case for value in a balanced portfolio

Partner Insight: The case for value in a balanced portfolio

It’s been an anemic time for value stocks but the managers of Vanguard’s active multi-asset range think a focus on valuations could be rewarded.

Madison McCall Active Product Specialist, Vanguard, Europe
clock 18 November 2024 • 5 min read
Stories of the Week: UK wage growth cools less than expected; Reeves planning pension 'megafunds'; US inflation rises

Stories of the Week: UK wage growth cools less than expected; Reeves planning pension 'megafunds'; US inflation rises

Wage growth, pension 'megafunds' and US inflation: The biggest stories from the world of investment and asset management this week

clock 15 November 2024 • 1 min read
Trustpilot