Volatility, uncertainty, and risk are all necessary but not sufficient conditions for generating cash-plus returns from investments. Too many investors
As was well-flagged over the past weeks by Repo market activity, the Active Treasury Issuance (ATI)* of government debt, combined
This update consolidates our thesis for owning GOLD exposures and our recommendations for portfolios into one place. Over recent years,
Volatility, uncertainty, and risk are all necessary but not sufficient conditions for generating cash-plus returns from investments. Too many investors don’t want volatility, but want the price upside! Behavioural investing is equally as important as financial investing. Investing is both an ART and a SCIENCE.
An important workflow step within the art of investing includes constantly (re)calibrating today’s price with up-to-date, and importantly, broad (often conflicting) views of markets, economics, industries, and company-specific signals from the increasing noise generated by those wanting to sell you a product for a fee.
This means understanding the probabilities implied by the current price of future cash flows from owning those chosen securities. You don’t have to be precise. But rather, first calibrate if the price implies probable, plausible, possible, or, as history shows in peak turning points of cycles, almost impossible expectations about the future cash flows? From there, the universe of opportunities can be first dissected.
This update consolidates our thesis for owning GOLD exposures and our recommendations for portfolios into one place. Over recent years,
This note highlights many economic indicators that are flashing warning signs for history-aware investors. A thorough examination of history reveals
Hold the line is a military idiomatic expression meaning to stand firm in your position despite pressure or challenges. One
Like many based in the Southern Hemisphere, I have spent too many hours since January 21 not sleeping and keeping
Australian Financial Services Licence No. 255291
