Stock Market Secrets: Ithaca

I wrote this article a few years ago and I reproduce it for my 50th 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…

Stock Market Secrets: Forex Trading

YOU TOO CAN BE A FOREX TRADER So the $A goes through parity, in the other direction this time, and again every Tom Dick and Harry is suddenly a currency expert. The same thing happened when it first rose through parity in October 2010. It's as if the Aussie dollar hitting the big figure miraculously…

Marcus Today on Life: Tulipomania

1623, Tulip Mania. A single tulip bulb sells for a thousand Dutch florins, seven times the average annual wage. The average tulip trader makes sixty thousand florins a month. 400 times the annual wage. 40 bulbs sell for 100,000 florins. You could have bought 3,333 pigs for the same price. People were selling possessions to…

Stock Market Secrets: Hail Caesar

Anyone who’s been to Las Vegas will know what I mean when I say it’s a place that everyone has to visit but no one wants to stay. I tried to get married again. Elvis was prepared to pick us up from out hotel in a stretch limo, take us to the chapel, be our…

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…