Despite all claims to the contrary the life cycle of the boom/bust phenomena has remained unchanged for hundreds of years. Source – Bloomberg PS:I made an interesting observation last night whilst looking at my LinkedIn profile. I consider LinkedIn to be little more than Facebook for people with a job. However, it was interesting to…
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Following on from yesterdays discussion regarding the amount of wealth created by a select band of companies comes this excellent graphic looking at the most valuable companies of all time. Source – Visual Capitalist
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Chasing bubbles during the last stages of their formation results in a much lower return to risk ratio as it is shown below with examples from bitcoin and Amazon stock. Venture capitalists understand diminishing returns and usually cash in after an IPO. But many investors and traders are deceived by charts that appear exponential to…
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One of the difficulties that new investors face is the extraordinary range of investing strategies that are presented to them. These strategies are often presented as gospel from what new traders would perceive to be sources of authority. One of the oldest chestnuts that I absolutely abhor is the notion of dollar cost averaging which…
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Among all generals, Napoleon had the highest WAR (16.679) by a large margin. In fact, the next highest performer, Julius Caesar (7.445 WAR), had less than half the WAR accumulated by Napoleon across his battles. Napoleon benefited from the large number of battles in which he led forces. Among his 43 listed battles, he won 38 and…
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MODERN COMPARISONS The peak value of the Dutch East India Company was so high, that it puts modern economies to shame. In fact, at its height, the Dutch East India Company was worth roughly the same amount as the GDPs of modern-day Japan ($4.8T) and Germany ($3.4T) added together. Even further, in today’s chart, we…
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Do investors holding an asset in the midst of a price bubble all come to share similar beliefs, even if they did not do so previously? Asset price bubbles are unfailingly supported by a captivating narrative, which is ‘validated’ by price movements, draws in investors and allows for traditional valuation considerations to be discarded. It…
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