A weekly digest to follow the smart money on the UK stock market.
If my decades on the buy side have taught me anything, it is that the public market is a profoundly unequal contest. The private investor has been invited to a gunfight armed with a spoon.
The professional investor’s arsenal is formidable: management meetings, bespoke research, expert networks, and legions of bright, sleep-deprived juniors to do the heavy lifting. To pretend to be on a level playing field is a dangerous fantasy.
I make no grand claims to remedy this imbalance. This publication will not teach you their craft. It will, however, show you their work. Trades of Note exists to point your gaze toward those rare inspiring capital movements that are too often buried in plain sight.
My burden is to undertake the magnificent tedium of trawling shareholder disclosures, separating the meaningful signals from the deafening noise. You may then direct your attention accordingly.
N.B. This publication is a work of commentary and journalism, not a financial advisory service. I am a narrator of capital flows, not your personal portfolio manager. No fiduciary relationship is implied or intended, and this is not investment advice.
The information presented here is a starting point for your own research, not a substitute for it. Due diligence is your burden, and yours alone. As an active participant in these markets, my interests and positions may well intersect with the topics discussed. Prudence dictates you assume I am talking my own book.
Invest intelligently, and at your own risk.