LATEST BLOGS

The Narrative Battle

I have been working through Steve Magness’s book Win the Inside Game. Generally, these sorts of self-help books don’t do much for me since they all revolve around basic concepts that any adult who wants to move forward should already have on board. My somewhat harsh interpretation is if you have to get it from…

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Investing is Hard

Imagine it’s ten years ago and you are assessing the relative merits of market cap weighted exposure to US equities and an equally weighted allocation. Across a range of valuation metrics you can see that the equal weighted index is moderately cheaper. As luck would have it you also have a crystal ball that tells…

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Make the Overwhelming Feel Routine

“It’s 10 pm, I’m going to bed,” is what I told the group of friends, teammates, and strangers who were gathered in our house for a get-together during college. It was a Friday night and I had a long run the next morning. For much of my time, I was a bit obsessive. I wanted…

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Volatility, Signal Or Just Plain Noise

Market commentary of late has been awash with the use of the word volatility and to flog a dead horse most of the people using the word are using it incorrectly. This misuse is generally a function of ignorance – most who comment on volatility don’t understand what it means. Defined simply volatility is the…

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AustralianSuper Manages To Toast Investors Funds

This is a little quiz. Below is a simple weekly chart of NVDA with a 30-period moving average plotted. Moving averages are simple but effective tools for defining the underlying trend of an instrument. The question is can you spot those times when you should be a buyer of NVDA? If you can you are a…

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At Your Own Peril

The modern world is full of risks, from natural hazards such as flooding to the existential threat of nuclear war, artificial intelligence and climate change. With the scientific and technological progress of the past few centuries, we’ve created new hazards that threaten our very survival and, in this series, emergency planner and disaster recovery expert…

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ASX Limited Fiddles With DEI While Market Shrinks

ASX listings are in a slow but structural decline. In the 10 years to December 2024, the number of ASX-listed equities (domestic and foreign) fell by 4 per cent, from 2073 to 1989. September 2024 marked the first time in 20 years that the total number of ASX-listed equities fell below 2000. Although 67 new…

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Ten Minutes With Tate Predictions

  As the New Year rolls around the media is once again awash with its annual range of predictions for the year ahead. Despite their complete inaccuracy predictions are unfortunately a dominant art of the economic landscape. This raises the question of why people make predictions even though they know they will be wrong and…

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Process Goals Versus Outcome Goals

The psychology underlining all high-performance endeavours is universal, and as such, the broad principles can be translated across fields. A recent meta-analysis on the impact of goal setting on performance found the following to be true. Process related goals had a large impact on outcomes. In the trading arena, this would relate to the goal…

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Wrong

Wrong – unless it is a catastrophic event such as WW3 breaking markets are not looking at today, but what might be possible scenarios in 12 months. And clearly they are not happy with what they see.

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