In the market: 2014 articles archive home
No fewer than 15
What is required [to succeed in the market] is the ability to distinguish the relatively few companies with outstanding investment possibilities from the much greater number whose future will vary from the moderately successful to the complete failure.
Monday, July 21, 2014 ... more
From Andrew Wheatley-Hubbard
Edited extracts of a conversation with Andrew Wheatley-Hubbard, Co-Manager of BlackRock’s Global Equity Income Fund.
Monday, June 30, 2014 ... more
Keep it simple
As decision makers, we simplify, misunderstand, lack ability, miscalculate, forget, and make evaluations of alternatives that depend on seemingly irrelevant details about how a problem is framed.
Monday, June 23, 2014 ... more
Ruminations on the EMH
It seems to me that those who disavow the Efficient Markets hypothesis (EMH) misunderstand its significance: what they reject is not the hypothesis, but an extreme caricature, which is interpreted simplistically to mean that the current market price of anything is the ‘right’ price, always and everywhere.
Monday, June 9, 2014 ... more
So, what you gonna do?
Given how long and how hard its run, if the market was your friend this would be a good time to suggest it take a breather. But the stock market is not your friend, and perhaps you should start planning for that inevitable moment when it stops running.
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Monday, June 2, 2014 ... more
Why not get out now?
You won’t see it coming, so why not get out now?
Analysts on Thursday poured cold water on fears of a bubble forming in South Africa’s stock market … a short-term correction and more muted returns may be on the cards. But a crash, or even a return to a bear market, was ruled out.
Monday, May 26, 2014 ... more
Good news & warnings from San Diego
“The world is rapidly changing,” former Speaker of the House Newt Gingrich told a crowd of over 600 investors at the Altegris Strategic Investment Conference in San Diego last week, “and that’s going to drive innovation in ways we can’t currently understand.”
Monday, May 19, 2014 ... more
Sell in May?
“Sell in May and go away” is a market adage that causes much chatter at this time of year. May supposedly marks the beginning of the sixth-month period that has historically underperformed.
Monday, May 12, 2014 ... more
Why you can't be great
In 2007, Mark Sellers the founder of Sellers Capital, before that Lead Equity Strategist for Morningstar, told a class of Harvard MBAs that there are at least seven traits shared by great investors “that are true sources of advantage because they can’t be learned once a person reaches adulthood.”
Monday, May 5, 2014 ... more
Why's not important
Our understanding of objective reality is at best tenuous. At its worst, our beliefs reflect a completely erroneous viewpoint, one that is as comforting as it is misleading.
Monday, April 14, 2014 ... more
Only beliefs
Facts and beliefs rule the markets but produce different effects. A fact affects everyone in the same way, regardless of what they believe. Facts are things that are.
Monday, April 7, 2014 ... more
Which way next?
Assets are only worth the cash flows they can produce, artificially reducing the cost of financing these assets doesn't increase their value. So how do you protect yourself against the spin?
Monday, March 31, 2014 ... more
Overvalued, so what?
Jeremy Grantham, Co-Founder and Chief Investment Strategist of Grantham, Mayo, Van Otterloo & Co. (GMO), recently shared his view on the valuations of U.S. stocks.
Monday, March 24, 2014 ... more
That easy?
The goal of the non-professional should not be to pick winners - neither he nor his 'helpers' can do that - but should rather be to own a cross-section of businesses that in aggregate are bound to do well.
Monday, March 17, 2014 ... more
Right time to buy resources?
“It may be little early to go overboard in precious metals,” says Stephen Meintjies, “but the other commodities hold promise.”
Monday, March 10, 2014 ... more
Finding good news in the PwC post-budget event
"It’s got nothing to do with cabinet differences or political differences or ideological differences. [All that’s needed] is the collective adoption of a mind-set which says let’s get on with things.” - Pravin Gordhan
Monday, March 3, 2014 ... more
Under threat are the billions of dollars that mutual funds and brokers skim every year from often-unwary investors.
Monday, February 24, 2014 ... more
Myths & poor advice
Ken Fisher thinks the investment world is littered with myths and poor advice, and that “two-thirds of investment success lies in not doing the wrong thing, only one-third in doing the right thing.”
Monday, February 17, 2014 ... more
Extracts & data
Over 2013, as stock markets rose in the developed world, equities gradually became less attractive relative to bonds and cash.
Monday, February 10, 2014 ... more
Your guess, as good as any
The selloff in emerging markets sent a cold chill around the globe last week, making January the worst month on Wall Street since May 2012.
Monday, February 3, 2014 ... more
Need to know
Looking at and perceiving the world may seem relatively simple, but may be the most complex step in the decision-making process.
Monday, January 27, 2014 ... more
Gold's lesons
Any asset class that loses almost 40% of its value in a relatively short time is worthy of further study, and in doing so Ritholtz provides some big lessons for investors
Monday, January 20, 2014 ... more
Nedbank's 2012 stocking
One of the less constructive but more fun things to do at this time of year is to take a look at how some of last year’s predictions have turned out.
Monday, January 13, 2014 ... more
It’s that time of year again, when everyone’s trotting out their choice predictions for 2014. Not to be too different we went in search of the consensus view for the year. Then, bearing in mind that as a species we are terrible at making predictions, we went in search of the more unlikely, yet still feasible, events that could come along to prevent it.
Monday, January 6, 2014 ... more
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