Building A Beginner Portfolio
Neatly encapsulated in this video are all the things NOT to do. Top of the list should be DONT LISTEN TO ANYTHING YOU SEE ON TV
Stock Sweet Sixteen
Apparently the image below has been doing the rounds as the drivers of US stocks. To which I say…. Simply because it ignores the overriding issue of our perceptual driver. The thing in control of all markets is our own tiny brain and the silly things it does.
DetailsHedge Funds Fudge Their Data…Say It Isn’t So
From The Economist – Some revisions may be down to cock-up but a closer look hints at conspiracy. Counter-intuitively, most fixes aim to make performance look worse than originally stated. That is probably because two-thirds of funds charge performance fees only if they are at or above their highest valuations. Eager to bring forward the time…
DetailsSell Side Bearishness
I have been seeing a few articles pop up about how bearish Wall Street is about the current rally. The chart below courtesy of Merrill Lynch has been popping up for the past few months. Apparently it is telling me that analysts have not been this bearish for about 30 years. To be honest I…
DetailsDue Diligence Disasters
I have always been surprised at the claims by stock analyst/fundamental analysts that they are intimately familiar with the workings of a given organisation and that this familiarity somehow translates into a perception of where price is going. Within the world of the corporate buyout the analyst is king and has enormous resources at their…
DetailsPassive Investing: The Evidence the Fund Management Industry Would Prefer You Not to See
This is quite an interesting video from a group known as Sensibleinvesting.tv. I do agree with its overall thrust – fund managers of all ilks do a rubbish job for the extraordinary amount of money they rip off investors. They do such an ordinary job because they cling to ideas that simply no longer have…
DetailsIn What World Is This True?
I get a newsfeed from FinAlternatives its always good for which hedge fund has gone broke, which one is being investigated for insider trading and which one is mysteriously relocating to a country with no extradition. This morning I popped in to take a look and saw the following headline – Hedge Fund Pay Up…
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