An Observation

Whilst scrolling through ASX listed ETO stocks I noticed something interesting – the performance of the top 20 listed stocks is quite mixed and different to the broader index. The chart below shows the S&P/ASX20 (white) versus the S&P/ASX200 (blue). The S&P/ASX20 is down about 0.59% YTD whereas the S&P/ASX200 is down 6.1% YTD. Given…

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The Destruction Of Wealth

Every generation bears witness to the destruction of wealth – all booms end in a bust that is the natural cycle of the markets. These busts always follow on the heels of what has become known as irrational exuberance and this exuberance is fueled by hubris. But as each investing generation learns price goeth before…

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Perception Versus Reality

Coincidence is a wonderfully odd thing. Whilst filling the truck at the local petrol station this morning a car pulled up at the bowser next to me – there is nothing earth-shatteringly exciting about this other than the interesting fact that it had three reasonably new parking tickets on under one of its windscreen wipers.…

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