LATEST BLOGS

Darwin – The Brilliant Plodder

Charles Darwin is ever with us. A month seldom passes without new books about the man, his life, his work, and his influence—books by scholars for scholars, by scholars for ordinary readers, and by the many unwashed rest of us nonfiction authors who presume to enter the fray, convinced that there’s one more new way…

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The World Is Impermanent

That’s what Jerry Colonna told me when I asked him what to do with all the fear and uncertainty going on right now with the market collapse and the COVID-19 pandemic. Not very uplifting. At least, not at first glance. But the truth is, this conversation with Jerry was not about convenient lies and magic pills. It’s…

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Long Toilet Paper / Short Equities

Panic is an overwhelming feeling of fear that can dominate our decision making.  It typically begins with a significant and sudden change in circumstance.  The outbreak of coronavirus has provided numerous examples of decisions that are seemingly fuelled by stress and uncertainty; from the bizarre stockpiling of toilet paper to the dramatic daily moves in…

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More on Buy and Hold

One of the good things about being in lockdown is that you get to work on all sorts of little projects and you don’t have to put up with all that pesky people stuff that I am ever so good at. The bad thing is people still send you stupid stuff – the world would…

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What About Now?

All of the idiocy I have seen regarding when it might be time to buy prompted me to do a presentation for our Boardroomers but I thought the last slide in the presentation summed up a good part of my thinking.

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History Repeats Itself…..Only If You Squint

If there is one thing that this current pandemic has reinforced in me it is that the default setting for the majority of people is moron, from idiots on social media telling us that they predicted a crash five years ago, to conspiracy theorists saying this is just an attempt to short the market and…

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Nikkei Bear Market

If you need further convincing that the notion of just buy was a silly one then consider this chart of the Nikkei. Almost 32 years in drawdown – you need a compelling reason to reenter the market after a savage correction and the notion of just buy is not compelling enough.

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