The high level of computerisation and the liquidity-induced reduction of bid/ask spreads has slashed the cost of investing to an extremely low level. There isn’t a venue in the world, in my opinion th...
For many people the stock market was already viewed as a casino and a giant gamble; its systems and processes opaque and nonsensical. The latest firestorm on High Frequency Trading (HFT) has not helpe...
“Investment is most intelligent when it’s most businesslike.”
- ‘The Intelligent Investor’ by Benjamin Graham
The Berkshire Hathaway 2013 Annual Shareholders Letter came out on Saturday, March 1. As ...
Leverage is a wonderful thing when it works in your favour. It enables development, amplifies returns and at times offers illusory periods of above-trend growth. Eventually, however, the effects of ad...
“In a market economy such as ours, economic activity or growth is not dictated by Government but rather determined by entrepreneurs and their employees working in their own self-interest. The Governme...
“ ... there is the dream and the will to found a private kingdom ... there is the will to conquer: the impulse to fight, to prove oneself superior to others, to succeed for the sake, not of the frui...
According to the Book of Odds, a collection of statistics about everyday life, of the 317 million adults in the US, only one in 2.2 make a New Year’s resolution. Of these, one in 8, or 17.8 million wi...
“While doctors might be able to advise patients about their general health, they could not determine whether a healthy patient would be struck by a brick upon leaving the hospital.” — in “Fortune Tell...
In January of last year I laid out 13 unexpected events or surprise situations that were currently outside of the conventional consensus opinion that I felt had a reasonable chance of occurring (http:...
This is the final instalment of the three-part series on retirement planning and investing.
“Retirement at 65 is ridiculous. When I was sixty-five I still had pimples.” - George Burns
Retirement pla...
