Trying to asset allocate tactically by market is not easy. Passively’ owning the S&P 500 only this actually an active decision that forgoes...
When you invest, you expect to get the return due for the risk taken.
With luck on one end and skill on the other, where does investing fall on this scale?
Owning real estate has been heralded as the ‘best’ way to grow your wealth. But is it really better than investing in the market?
We humans are wired to find patterns, even when they don’t exist. It’s why people see faces in nature, religious figures on toast and come up with...
If you had to choose one stock through the decade, would you have bought the cutting-edge tech titans or a company that delivers greasy pizzas?
34x returns. That’s how much you would have made if you invested with the Yale endowment fund over the last 30 years. The Yale Investment Office...
So what if wine was not only pleasurable to consume, but also a lucrative investment? t’s a rather tempting proposition...
We are clearly irrational beings. So can markets be efficient if the players are irrational?
“The fact that people will be full of greed, fear or folly is predictable. The sequence is not predictable.”
- Warren Buffett
We live in a topsy turvy world surrounded by the cacophony of trade wars. The poster child of free trade is seeking tariffs while a historically protectionist country wants to fight them. So what does a trade war actually mean? It’s when countries impose restrictions on other countries in order to harm each other’s trade. It’s nothing new - trade wars have gone on pretty much since there’s been trade. In 1689, British King William of Orange imposed steep tariffs on French wine. About a century later, Adam Smith noted that the biggest beneficiary of the tariffs were smugglers, and that if the tariffs were effective than Scotland would have started making its own wine.
“Very good grapes can be raised in Scotland, and very good wine too can be made of them at about thirty times the expense for which at least equally good can be brought from foreign countries. Would it be a reasonable law to prohibit the importation of all foreign wines, merely to encourage the making of claret and burgundy in Scotland?”
- Adam Smith (The Wealth of Nations, 1776)