My Brain Made Me Do It

This is probably quite topical given the developments of the past few days. BRADLEY ALFORD, a money manager in Atlanta, just hit the panic button. No, really. Mr. Alford just hit the key on his computer that initiates the Wall Street equivalent of the nuclear option: Sell everything. He was acting on orders from two…

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Not So Super

Every now and again you come across an article by accident that requires a detailed comment other than the usual simple dismissive.  Over the weekend I came across the following article in The Age – parts of it cried out for comment. THE stockmarket rout has wiped an estimated $30 billion from Australian superannuation funds…

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So What Now?

I got dropped this quote early this morning and asked to comment on it – • During a secular bear market, an investor’s job is to manage risk and preserve capital. • During a secular bull market, it is to maximize return. As a starting point I tend to agree with the overall tactical philosophy…

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