Do technology stocks generate better returns than non-techs? The conventional wisdom hints that they do. Business Insider (22 July 2022) encapsulates it: tech stocks “offer some of the best growth potential, but – like most high-reward investments – come with high risks too.” … [Read more...] about Tech Stocks Outperform: Truth or Myth?
Why inflation is and will remain high
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
Shun stock-pickers – choose investors
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
How experts’ earnings forecasts harm 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
Leithner & Co Preliminary Half-Year Report
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