Lower for Longer?
“The stock market is never obvious. It is designed to fool most of the people most of the time.”
-- Jesse Livermore
Remember when everyone called for higher rates? Recall when it wa...
When you are in a hole the first thing you need to do to get out is stop digging. Ladies and gentleman, it looks like we have finally stopped digging (furiously, at least). While the economy has contr...
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...
