All investors want – or, at least, say that they want – to become successful. And virtually all people claim that they desire financial independence and wish to help others. How to achieve these worthy goals? In this article, which reviews the life and legacy of Ronald Read, a … [Read more...] about The janitor who amassed a fortune: How character underpins investment success
Why you’re probably overconfident – and what you can do about it
Did January's market corrections distress you? Do you worry that wobbles – or worse – will return? If so, perhaps that’s because you were and remain overconfident. You’d hardly be alone: in research it conducted last year, Morningstar found that two-thirds of Americans, a similar … [Read more...] about Why you’re probably overconfident – and what you can do about it
Will climate change soon make Australia “uninsurable”?
To many investors, it’s indisputable: a warming climate has caused the number and severity of natural disasters to increase. Moreover, this supposedly rising tide of devastation threatens Australians and their insurers. These claims are being repeated increasingly frequently and … [Read more...] about Will climate change soon make Australia “uninsurable”?
Three risks you can discount – and one you can’t
This article summarises Leithner & Co.’s assessment of three key commonly-cited macro-economic risks: (1) increasing inflation, (2) stagnant or declining economic growth and (3) rising interest rates. By analysing a long series of data compiled mostly by Robert Shiller, I … [Read more...] about Three risks you can discount – and one you can’t
The myth of the small cap premium
“There are lots of reasons why investors get excited about small stocks, particularly in Australia,” a global asset manager stated in a report published in 2017. These reasons include “the higher growth rates that smaller companies can achieve” and “the myriad of successful … [Read more...] about The myth of the small cap premium