Last week Tony Finding and Eric Lonergan made their annual ‘pilgrimage’ to Omaha in the US to attend the annual shareholder meeting for Berkshire Hathaway, the investment company run by Warren Buffett. While there they mused on, amongst other things, the attractiveness of US equity today, what low interest rates… Read the article
Category: Value Investing
9th March 2009 might not be a memorable date for the vast majority of the population, but for many of those who work in financial markets it’s a date they will always look back on. It marked the low in the… Read the article
In October 2013, we provided an analysis of “risk parity” strategies. The specifics of this particular investment fad are less interesting, but the core issue of bond-equity correlation is central to asset allocation. We concluded at that time, that the rise in the term premium implied that long-dated… Read the article
Ok, so the title is deliberately provocative, but it is meant to highlight an important issue. As debates over the likely path of growth rates in China rumble on it is worth taking a bit of a step back and reminding ourselves as investors that the importance of GDP to… Read the article
With the third quarter results season just about to get started in the US, the market will be focussed on the profits story in the coming weeks. Having rallied by over 7% already this year after an impressive nearly 30% price rise in 2013, there are some commentators who are… Read the article
Michael Lewis’ accusations aimed at high frequency traders (“HFTs”) can be seen as a revelation that strikes at the very core of the problems of the incentive system behind today’s financial markets, or a cynical and misstated attempt to sell a new book.
The reality is probably that… Read the article
The Wolf of Wall Street.
This is probably… Read the article
“To me it appears that the market is too volatile, it’s just noisy because people are a little crazy”.
Robert Shiller, 8th December 2013 during his prize Lecture for The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2013
Last year the S&P 500 delivered… Read the article
12 October 1893, Atlanta (GA) Constitution:
Advice to those who want to get rich. Buy low and sell high.
GEO. S. MAY, Care May Maniel Company.
The golden rule of investing is to buy low and sell high. It’s a simple rule which guarantees positive returns. It’s so straight forward… Read the article