Contrarian: Why we need AIM rivals

Big on small

Gervais Williams is an excellent investor. Over the last few decades, in various perches at big houses, Miton's managing director has made his investors a great deal of money.

Yet what makes Gervais really quite fascinating is that he obviously thinks big. He is interested in fixing big problems that impact all of us at the national level, and can produce nasty surprises within our investment portfolios. In his last book, Slow Finance, Gervais nailed what I think was and is a key problem – that we have become addicted to turnover-driven investing, chasing hot trends, and expecting far too much in terms of investment returns. In his new book, The Future Is Small, Gervais picks up many of the ideas from that first book, but makes two bold claims, one of which I ...