Warren Buffet's story related to Orangutans flipping coins

Stock Market Secrets: Orangutans

The concept for this article has been unashamedly stolen from Warren Buffet although it has been given an an Australian flavour. He expounded the US version in a speech in 1984 commemorating the fiftieth anniversary of the book Security Analysis by Benjamin Graham and David Dodd, the bible of value investing. He called his speech…

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’…

ASX: BUY HOLD SELL – GMG

Goodman Group is a global integrated property company, engaged in owning, developing and managing industrial property and business space in the markets across the world. The principal activities are investment in directly and indirectly held industrial property, property services, property development (including development management) and fund management. GMG’s segments include Australia and New Zealand, Asia,…

ASX Education: What Is The Average Return?

We had a question on the Marcus Today Stock Discussion Group on Facebook asking: “Silly question but Marcus mentioned the average market return is about 9%, I assume that is capital growth and dividends included?” (By the way there are no silly questions – we welcome all questions in the stock discussion group) When I…

Marcus on Life: 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…

London Stock Brokers in the 1980s

ASX Education: London Barrowboys at work

Having spent sixteen years in the UK and four years in Australia sitting on the institutional desks of some major brokers, particularly in the UK, one thing becomes apparent, that share prices don’t go up and down because of the fundamental reasons that commentators and the media obsess over in hindsight, they go up and…