15 Rules for the next time the market falls over
The pandemic year has been great for us as investors, a year of fabulous opportunities. Looking forward to the next great correction…
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Set up to top out – Resources
We Are Set Up For The Top Of The Commodity Price Cycle As you know we have enjoyed a fabulous run in the resources sector on the back of rising commodity prices helped to some extent by COVID supply issues. And more recently Russia’s invasion of the Ukraine has put a fabulous ‘froth’ on energy…
Some Truth about Broker Research
BROKER BIAS Now it's not a criticism, it is an education – at the bottom of all broker research, in the disclaimers, the broker will tell you whether they have done corporate deals for the companies mentioned, in which case they are probably the broker to the company – either IPO’ing the company or raising…
The Best Investment I Ever Made
THE FLYING FERRET I used to own a greyhound. Well, a bunch of us did actually. It was a yuppie post-university indulgence organized by one of the West End wide boys I worked with in my early stockbroking days in London. He had picked out an Ad in the Greyhound Star for a ‘Sales Trial’…
Great Returns
A question from the Stock Discussion Group: “Silly question but what would you consider to be a great, an average, and a poor return, from the stock market”. After two days of writing about that (CLICK HERE) and a night infront of the spreadsheets with a bottle of red wine for company, this table turned…
The Unlucky Country
THE LUCKY COUNTRY “The Lucky Country” sounds like a nice cuddly description of Australia, but it isn’t. In fact it’s a rather cynical dig. It comes from the title of a Professor Donald Horne book in 1964 called "The Lucky Country". The point he was trying to make was that Australia was “Lucky” rather than…
Marcus On the Best Investment In the World
I have four kids. Three of them are now driving, which means that in the last five years we have gone from a ratio of two taxi drivers being taken for granted by four passengers to five taxi drivers and one passenger. While that has been a huge burden off our taxi driving duties, it…
Dont Let the Old Man In
How old would you be if you didn't know the day you were born? The Mule is a film produced and directed by Clint Eastwood. Eastwood is now 93 and plays the lead role as a grumpy old man who goes out kicking. It leaves you wondering whether the film doesn’t reflect a lot of…
Ithaca
I wrote this article a few years ago and I reproduce it for my 60th Birthday. Ithaca is the island in Greece that Odysseus had so much trouble returning to in Homer’s Odyssey. On his way he survives run ins with the Cicones, Polyphemus (Cyclops to you), Circe, the Sirens, Scylla, the winds of Aeolus,…