The problem with having written this column for over 18 years is that you eventually start sounding like a broken record, for millennial readers that is those vinyl black things in a cardboard box in the garage. The thing about
Here’s looking forward to the mirror image of 2020 for 2021
Driving to Cape Town on the N2 last week I witnessed a young lady come to near standstill as she turned her head around to look-in her back window in order to check on approaching traffic before changing lanes. This
Covid-19 causes K-shaped crisis
The recent COVID-19 crisis should be a reminder that sh…t happens and the importance of stress testing your personal finances. The shape of the recovery is best described by the letter K with the upward sloping arm of the K
Better returns over the next five years
As it turns out my crystal ball really works. Unfortunately, I only realise that now after going through all my articles written in 2013 when the crystal ball correctly predicted the lousy returns of the last 5 years. Of course,
The end of value investing?
Value style managers have struggled on a relative basis to keep up with broad market indices, which have been driven higher by a handful of mega-cap quality / growth companies mainly listed in the US. Value managers have been underweighting
Wholesale buy-in to Covid-19 “spook story” is costly
I would much rather be writing about something other than Covid-19, but this is clearly the only story in town. I use the word story purposely not to make light of the pandemic, but as a play on the word
The meaning of capitulation
The investment industry uses some very descriptive words in describing investor behaviour and one of these is capitulation, this is the point when investors throw in the towel. Throwing in the towel is boxing speak for give-up. Picture the towel
Warning lights lead to change
This week’s article is an extract from a reply to a client’s question on whether he should reduce his share exposure or move to a balanced portfolio strategy given several “warning lights” on the horizon. The easiest way to
Damned if you don’t … price vs value
With the US stock market now entering its 11th year in a bull market, it is probably a good idea to reflect on some old age wisdom, which is nicely explained by the following quote: Bull markets are born on
Trade wars lead to MAED
The cold war between Russia and the USA was premised on a critical acronym known as a MAD, which stood for “Mutual Assured Destruction” in reference to the nuclear arsenal of each country and that any hot war between them