The US is often touted as the land of the entrepreneur where everyone with with a bit of get up and go starts a business and climbs their way to the top. Apparently this isn’t so.
I am currently in the process of adding the finishing touches to our upcoming seminar series and in doing so I was looking at the notion of long term wealth creation and why it is so hard for traders to simply sit still and not doing anything when the market is running in their favour.…Details
At the end of a two-day investment conference sponsored by Dimensional Fund Advisors in Los Angeles last month, I couldn’t stop squirming. The final workshop included a slide show highlighting articles from major business publications across the country conveying a range of dire investment messages. Some spouted warnings of impending market calamity. Others urged investors…Details
Abstract We examine all S&P 500 firms over 1999-2014 that publicly characterize their annual performance with extreme positive language. We find that only 18% of such firms increase shareholder value, while nearly 75% have insignificant performance, and the remaining 7% actually destroy shareholder value. Our evidence suggests that firms often base their positive claims on…Details
At last something we beat the Kiwi’s in. No idea of the implication but they look interesting.
This is a neat little graphic from US Global Investors that enables you to slice and dice commodity returns for the past decade.
Apparently hearts are a flutter in the investment world because it has supposedly been sometime since the US market had any form of meaningful decline. This has even prompted many to go around saying that the end of the world is inevitable and as usual this sort of thing piqued my curiosity. So, I thought…Details
Just as December is the month when financial experts…..sorry dickheads make total fools of themselves by making worthless predictions for the upcoming year so January is the month where everybody bangs on about how January predicts the year. Unfortunately, it doesn’t; it is yet another zombie idea that has taken root in the financial community…Details
The World Federation of Exchanges (yes there is such a thing) keeps a wonderful stockpile of statistics you can trawl through to your hearts content. One that stood out for me was the percentage of the markets capitalisation that was concentrated in the top 5% of stocks. I dropped this data into Excel and generated…Details