Archives for Markets - Page 9
I am sure we are all familiar with the losing trade that becomes a long term investment. In fact, I have one in my portfolio right now: just to remind me of the terrible cost of not cutting losses. The Psychology of Losing Research by Tversky and Kahneman (Judgement under…
This post is from the Voice of Reason: Gordon Barratt. For those that avidly read the business pages, you will have noticed a building theme of late: beating up Australian banks. Every second article seems to be heralding that the halcyon days of the banking sector are in the past, for this…
Humans, perhaps by design, are always too optimistic. For example, everyone considers their driving to be excellent, notwithstanding massive evidence to the contrary. People think they are smarter, more talented and better looking than they actually are. In 2007, psychologists Daniel Kahneman (a Nobel laureate) and Jonathon Renshon published a…
As a follow up to my article “So who’s buying the S&P500”, the chart below should give cause for considerable concern. It shows the huge spike in maturing debt that will need to be refinanced over the next few years. Total corporate debt is around USD4 trillion and most of…
Gordon is a stockbroker and principal with Morgans’ Caloundra office. Morgans are sponsors of marketcap.com.au. Contact Gordon here. Equity Investment vs Commodity Investment Gordon often gets asked by clients whether it is better to invest in a commodity rather than a company that produces that commodity. “I get these queries…
Well, the Buy The F**king Dip (“BTFD”) crowd is still active and have recently been joined by the Buy The F**king All Time High crew (“BTFATH”). Now we all know that the Zero Interest Rate Policy and Quantitative Easing have left yield seekers few alternatives and so stocks grind higher.…