There are a lot of fund managers/investors who subscribe to the Graham theory that you should consider yourself a part owner of the business when you buy shares. I would fall under this camp and I think more investors should. However a lot of the time I see these same… Continue Reading Are Chinese Equities Investable?
Over the last 12 months a lot has happened in the markets and in everyone’s life. The following are some of the things I think I have changed my view on or become more sure of. Writing them down helps me when I look back 12 months from now so… Continue Reading Some views in review for 2018
When I first started my working journey I was all about the numbers. To be fair I probably still am. I spend a few years working in a firm of Actuaries in the investment field. These guys were off the charts smart. Everything could be expressed in a formula, if… Continue Reading My Hammer
Michael Mauboussin has written a heap of great work over the years. I especially like his thoughts on skill and luck and the role they play in all aspects of our life. He presents a simple question to determine the role of skill and luck in an activity. Ask the… Continue Reading Luck and Skill – How can I lose on purpose?
Getswift (GSW) is a hot topic and is polarising. You believe or you do not. Nothing breeds passionate opinions like having your money on the line, probably the only thing more motivating to defend this opinion is having your ego attached. No one wants to be wrong, right? If you… Continue Reading What fact(s) would change your opinion? – Getswift
I am reluctant to add to the property debate in Australia, multiple tomes have been written on it. People attach the same fervour to talking about property as they do religion and politics. I like to keep my identity small on these things so I will offer a limited view.… Continue Reading Oz Property – Keep dancing Chucky Prince style
One of the things I grapple with everyday is making wise decisions in the face of uncertainty. More specifically assigning probabilities to the possible outcomes. No doubt I will grapple with this until the day I die. A wise man told me on email the other day that this is… Continue Reading Uncertainty and Probability – Getswift
Charley Ellis wrote a book years ago called Winning the Losers Game, essentially the main idea is that to win in investing we should focus on avoiding the losers. His idea was based on a book about professional tennis being a winners game, you win tennis by hitting more winners… Continue Reading Hugging the middle of the Performance Bell curve
I have been thinking a lot lately about retail as everyone has. The reaction by off-line retailers has been to create or up their online presence to compete with potential new threats coming their way. If I hear the word omni-channel marketing from another retailer I think I am going… Continue Reading Retail Online Platforms – Vertical or Horizontal?
The book Sapiens by Yuval Noah Harari builds a theory that what connects us humans is the belief in a story. The story does not have to be real, in fact more often that not it contradicts with nature. How else do you get 5,000 crusaders who have no connection… Continue Reading Narrative Fallacy – What is the story worth?