Are Australian stocks overvalued, fairly valued or undervalued? Leithner & Company, a value investor based in Brisbane, regularly analyses data that shed light upon this vital – and perennial – question. This article outlines some of the argument and analysis that supports my … [Read more...] about Why This Market Is 33-50% Overvalued
Leithner Letter No. 249-252
26 July-26 October 2020 In the closing passages of Elinor Ostrom’s Governing the Commons (1990) she states that the “intellectual trap” of much of … public policy is that scholars “presume that they are omniscient observers able to comprehend the essentials of how complex, … [Read more...] about Leithner Letter No. 249-252
Leithner Letter No. 245-248
26 March – 26 June 2020 Some Americans have much higher income and wealth than others. Former President Barack Obama explained, “I do think at a certain point you’ve made enough money.” An adviser to Rep. Alexandria Ocasio-Cortez who has a Twitter account called Every … [Read more...] about Leithner Letter No. 245-248
Leithner Letter No. 241-244
26 November 2019 – 26 February 2020 [The U.S.,] and with it most of the Western world, is presently going through a period of inflation and credit expansion . As the quantity of money in circulation and deposits subject to check increases, there prevails a general tendency for … [Read more...] about Leithner Letter No. 241-244
Leithner Letter No. 237-240
26 July – 26 October 2019 A senior U.N. environmental official says entire nations could be wiped off the face of the Earth by rising sea levels if the global warming trend is not reversed by the year 2000. Coastal flooding and crop failures would create an exodus of … [Read more...] about Leithner Letter No. 237-240