1.0Baron & Grant - Professionalhttps://baronandgrant.com/professionalTom Poyntonhttps://baronandgrant.com/professional/blog/author/tom-poynton/rich600338<blockquote class="wp-embedded-content" data-secret="SnkGjAilUE"><a href="https://baronandgrant.com/professional/blog/2023/05/12/tilting-towards-the-storm/">Tilting towards the storm</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://baronandgrant.com/professional/blog/2023/05/12/tilting-towards-the-storm/embed/#?secret=SnkGjAilUE" width="600" height="338" title="“Tilting towards the storm” — Baron & Grant - Professional" data-secret="SnkGjAilUE" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://baronandgrant.com/professional/wp-includes/js/wp-embed.min.js </script> https://baronandgrant.com/professional/wp-content/uploads/sites/5/2020/11/JCB-Investors-Chronicle-Column.png10801080Last month’s column (‘Darkest before the dawn?’) suggested that, after a difficult period for investment trusts as discounts widened, we were approaching a turning point. Discounts may be close to their nadir. But what of the market more generally? Here too the omens are beginning to look better despite the many hurdles. While one will seldom buy at the bottom, attractive company valuations will continue to provide helpful entry points for the long-term.