'Pedalling' short-term performance

Liontrust multi-manager John Husselbee explains what lesson investors should take from the Tour de France in their hunt for consistent returns.

Last weekend was one for sports fans with the Wimbledon finals, World Cup quarter finals, British Grand Prix and of course, the start of the world's best known bike race, the Tour de France. Putting aside the chaos caused by road closures across England, the staging of the opening was by all accounts a real success. Spectators flocked in their thousands to line the streets to catch a brief glimpse of the peloton, many of them hoping a British rider will win the overall race for the third year in a row. Le Tour, now in its 101st year, is a test of speed and endurance for the world's...