Stories worth investing in: Long-term returns from investing in equities and bonds under the microscope

Further reading for the weekend: a deep dive into the most detailed, annual analysis of investing for UBS. Plus a quick spasm of rage with ESG investing and defence.

Factoid 1: Nvidia’s tight cost control

From economic historian Adam Tooze. “Considering Nvidia more than doubled its revenue in 2024, from ~$61 billion to an eye-watering ~$130 billion, the fact that the responsibilities of its HR department have grown only 20% is nothing short of remarkable”.

Factoid 2: Sell off Redux

Bloomberg News reports:

“when stocks g…