Archives for Markets

On Randomness

It is human nature to attach meaning to randomness. So, it is often believed that someone who has had several years of investment success, for example, is more skillful than others with less success. However, it is quite likely that it is instead a lucky streak. There is an excellent…

Australian Property May 2017

Australian property is looking fragile, particularly in Sydney and Melbourne. Some factors that suggest we are at the calm before the storm: Ever more properties on market Selling booths for apartments back in malls Several hundred new apartment buildings under construction in Sydney New building approvals fall Crack down on…

Cranes in Sydney

The image below is compelling evidence of the property boom in Sydney and Melbourne. The cranes are everywhere, is some places one can see as many as 20 within a kilometre or two. And it seems most streets in the city have houses being demolished and replaced with McMansions. This…

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