Hot tips are no better in the sharemarket than they are at the race track. They are best treated with suspicion - what does your tipster know that other people don't? Like much free advice, tips may be of dubious value....
Some of us would love to be investors - what holds us back is temperament. We can't change who we are, but we can learn to anticipate our behaviour and keep our impulses at bay....
In the business of investing, failures are our best teacher. How can we hope to improve our game if we forget our past plays?...
There are times when great investment opportunities are as plain as they appear. We tend to expect complexity, so we find it hard to accept that the market sometimes throws up extraordinary bargains. Don't look a gift horse in the month....
As outlined in previous commentaries, there have been some further slight reductions in the risk free rate which delineates the threshold between Fully Priced and Overpriced. The return available on a five year term deposit from a major Australian Bank now stands at 4.0%, and...
Curious Investor Behaviour - Number 1 Phase Myopia At different phases of the market, our perspective changes. In the steepening down phase there is a tendency to take an ever-narrower view of the facts, focusing on near-term risk rather than longer-term reward. Conversely, a developing bull market inspires...