You never go broke taking a profit. The greed in our DNA often blinds our objectivity. The desire to squeeze the last drop out of a winning investment can be very overpowering. Ignore the voice…
Success without bad luck is a disaster waiting to happen. Bad luck and misfortune teach you to appreciate the good times. Success without setbacks is conditioning you for a Minsky moment — your continual success…
The past three decades have been an exciting time to be involved in investment markets. From its humble beginnings in the early 1980s, the investment industry has evolved into a multi-multi-billion-dollar industry.
Questioning convention can be both challenging and lonely. Group think is much easier. Popular thinking doesn’t require you to think at all. You just nod and agree with the opinion of the day.
Demographics and debt were the major ingredients in the four-decade long growth story…But what if those ingredients are absent in the future?
We’re locked into a spiral of more spending, more taxes and more debt. Governments on all continents are caught in this downdraft to financial ruin.
Our economic winning streak is in record breaking territory. The last recorded recession in The Lucky Country ended in June 1991. But that’s not how life should work.
Fantasy Island is a paradise in the Pacific Ocean. The island’s GDP output is $500k. There is no debt. One day, a fellow calling himself Charles arrived on the shores of Fantasy Island.
Confession time. I’m a bit of a Downton Abbey fan. The series piqued my interest…personally and professionally. The fortunes and misfortunes of the English aristocracy is an excellent case study of generational wealth.
The Productivity Commission reckons you now need $1m to make a Self-Managed Super Fund (SMSF) a viable proposition. The data shows that lower valued accounts are having returns eroded away by costs. But what you see…
Comparing the cost and performance of SMSFs to Public Offer (Industry and Retail) funds is an ‘apples with watermelons’ comparison.
In 2014, I adapted the story There Was an Old Lady Who Swallowed a Fly, to describe the absurdity of the Fed’s actions in handling crises of their making.
Is it possible to work for 45 years and then retire for 35 years? This is the debate society is going to have (in earnest) in the not-too-distant future.
Emotions are what create the headlines – ‘Record high’ or ‘Crash’. In the background, away from the spotlight, there’s a collection of mathematical formulae around which these emotions pivot.