Gavin Graham is the host of In-depth Investing with Gavin Graham, a weekly investment-focused podcast (www.indepthradio.com) and contributing editor to the Income Investor and Internet Wealth Builder. He is a trustee of the Royal Medical Foundation Investment Committee (UK). Mr. Graham has over 30 years' experience as a senior asset manager and was chief investment officer of several leading fund management companies on three continents, including Citigroup Asset Management (Asia), Guardian Group of Funds, and BMO Asset Management.
Diageo (DEO) is is the largest spirits company in the world with such market-leading brands as Johnnie Walker scotch, Smirnoff vodka, Captain Morgan rum, Gordon’s gin, and Guinness stout, notes Gavin Graham, contributing editor to Internet Wealth Builder.
National Grid (NG) is the operator of the national electricity distribution network in the United Kingdom, notes Gavin Graham, a contributing editor to Internet Wealth Builder.
Gavin Graham has enjoyed a long and successful career in money management and is a specialist in international securities. Here, the contributing editor to Internet Wealth Builder makes the case for owning gold and reviews a favorite idea among mining stocks.
We're finally getting to see whatever the new normal is going to look like. So naturally it makes sense to look at what stocks will benefit from the re-opening trade, suggests Gavin Graham, a specialist in international securities and a contributing editor to Internet Wealth Builder.
While many commentators are asserting that the coronavirus pandemic has changed everything, and that the trends which characterized most of 2020 will continue in 2021, the situation appears most similar to the end of the technology bubble in 1999-2000. Then too, confident assertions were made that Its different this time, that valuations were irrelevant, and that old economy stocks and sectors such as energy, industrials, materials, and financials were permanently dead and buried. Events proved this view to be mistaken, and the Noughties decade saw out-performance of value against growth and old economy against technology and new wave stocks. Reversion to the mean is one of the most fundamental of investment doctrines. One suspects it will prove itself to be so again this year and for the foreseeable future.