The Scale of China

If you look up small, rooted backwaters whose politicians think we are more important than we are in the dictionary, you will find Australia. If you look up a global behemoth with 4000 years of history, you will discover China. I really don’t think people, particularly right-wing politicians, understand the significance of the changes that…

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Bring the Noise

There are three types of investors: momentum, valuation and noise. Momentum investors care about trend, valuation investors care about fundamentals and noise investors care about a random assortment of stuff. Many of us are noise investors, even though we wont realise it. Of course, investment approaches do not all neatly fit into such discrete categories.…

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Think You’ve Made It – Think Again.

In trading, a prevalent cognitive bias known as the arrival fallacy often distorts motivation and impairs ability. Coined by psychologist Tal Ben-Shahar, the arrival fallacy describes the flawed assumption that achieving a specific goal—such as reaching a monetary milestone, becoming a full-time trader, or hitting a percentage return target—will deliver long-term contentment. In reality, the…

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Copper’s Collapse: What Trump’s Tariff Surprise Means for ASX Copper Stocks

In markets, it’s not just the move—it’s the surprise. Last night, the copper market delivered a textbook case of expectation mismatch. After weeks of pricing in broad-based tariffs on refined copper, the Trump administration announced that semi-finished goods like wires and pipes would face 50% tariffs. Refined copper, scrap, and cathodes were exempted. The Aftermath:…

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