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Everybody knows that consumer prices in Australia, Britain, the U.S. and other countries have risen rapidly over the past year, and most investors know that they’re presently increasing at rates unseen in decades. But seldom does anybody ask: what is inflation? What, ultimately, … [Read more...] about Why inflation is and will remain high

Ally Selby (How the #1 picks went from hero to zero in just 6 months, 12 July) reckoned that the January-March quarter was “tough, tiresome and damn it, sometimes terrifying.” April-June, she added, was even worse: “Only three out of Australia’s (18) finest stockpickers’ highest … [Read more...] about Shun stock-pickers – choose investors

It’s “an article of faith among Wall Street research departments,” wrote David Dreman in Contrarian Investment Strategy (1979): “nothing is as important in the practice of security analysis as estimating the earnings outlook ... Forecasting is the heart of most security analysis … [Read more...] about How experts’ earnings forecasts harm investors

Dear Leithner List Members, Linked below is the preliminary Half-Year Report, distributed to shareholders last week, summarising Leithner & Co's operations and results for the six months to 30 June. Not just despite the market’s turmoil and volatility, but also because of … [Read more...] about Leithner & Co Preliminary Half-Year Report

t’s a common and constantly asked question: “what will Warren Buffett do next?” In the U.S., its answer has practical importance. If you’re a hedge fund or other asset manager and can read his mind, then buying what he subsequently acquires can generate considerable short-term … [Read more...] about What ASX stocks would Warren Buffett buy in 2022?