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Investor Behaviour

Patience will secure you desired long-term returns

Patience will secure you desired long-term returns

I would like to start this article with a fact that is not a Trump falsehood; the share market will provide investors with the best return given time.   Why then does investing in the share market currently feel like a

mw@dmin October 11, 2018October 11, 2018 Investor Behaviour, Market behaviour, Market Drivers Read more

Synthesise the noise rationally

Synthesise the noise rationally

I received an email from a client titled “Panic Attack”.   The gist of the concern being land expropriation and more specifically news flow iro land invasions in Randburg in which several farms were supposedly taken by force.   When I googled

mw@dmin August 30, 2018August 30, 2018 Investor Behaviour, Market behaviour, Market Drivers Read more

This is just the darkest hour before dawn

This is just the darkest hour before dawn

Our politicians will do well to remember that economics drives politics and not the other way around, unless of course you are a dictatorship.   Just ask Marie Antoinette what happens when you run out of bread or was it cake….

mw@dmin August 2, 2018August 2, 2018 Investor Behaviour, Market behaviour, Market Drivers Read more

Think before changing proven strategies

Think before changing proven strategies

The most important factor in successful investment is your behaviour and it’s the hardest thing to manage, because it is usually driven by irrational thinking and the failure to learn from past mistakes. No matter how much evidence is provided

mw@dmin July 19, 2018July 19, 2018 Investment Strategies, Investor Behaviour, Market behaviour Read more

Inflation within target, but be cautious

Inflation within target, but be cautious

Why does nobody believe the published inflation rate?   I will attempt to answer this question by explaining how inflation is calculated.   The inflation rate refers to the annual average rate of increase in prices represented by a basket

mw@dmin May 10, 2018May 10, 2018 Investor Behaviour, Market behaviour, Personal Finances Read more

You have negligible control over markets, so control your emotions

You have negligible control over markets, so control your emotions

At the risk of committing career suicide I would like to admit the following.  I have no idea the affect Trump will have on our share market over the next few months……I can hear the response “What! You don’t know.

mw@dmin March 1, 2018March 1, 2018 Investor Behaviour, Market behaviour, Market Drivers Read more

Predictions materialised

Predictions materialised

I vividly recall attending an investor feedback session with a hotshot offshore manager whose fund had performed terribly.  After taking some criticism from the hostile audience he totally lost it, raising his voice he stated that “it was only numbers”. 

mw@dmin February 1, 2018February 1, 2018 Investor Behaviour, Market behaviour, Market Drivers Read more

Dammed if you don’t

Dammed if you don’t

With the US stock market now entering its 9th year in a bull market phase, it’s probably a good idea to reflect on some old age wisdom, which is nicely explained in the following quote; Bull markets are born on

mw@dmin January 18, 2018January 18, 2018 Investor Behaviour, Market behaviour, Market Drivers Read more

Market irrationality requires cool heads

Market irrationality requires cool heads

“Be greedy when others are fearful and fearful when others are greedy”  Warren Buffett The big financial institutions have just released their economic forecasts for 2018 and what do you know they are extremely bullish with a consensus view of

mw@dmin December 7, 2017December 7, 2017 Investor Behaviour, Market behaviour, Market Drivers Read more

Rational investors sit it out

Rational investors sit it out

For this week’s article I am going to ask you to pretend you are living in a make-believe world, which shouldn’t be too hard, just follow our supreme leaders example by living in denial until you believe your own lies;

mw@dmin November 23, 2017November 23, 2017 Investment Risk, Investment Strategies, Investor Behaviour, Retirement Read more
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