Michael Burry, the investor who famously predicted the subprime mortgage bubble bursting in 2008 and was a central character in Michael Lewis’ book The Big Short, recently revealed that he is shorting more than a billion dollars of shares in tech high-fliers Palantir and Nvidia. Both stocks tanked on the news, though they have recovered some since, and ...
For a long time, I’ve viewed Warren Buffett as a flawed man. A supreme investor, but a flawed man.
It was a view primarily based on Alice Schroeder’s biography of Buffett, The Snowball, in 2008. It painted a picture of Buffett’s private life that wasn’t pretty. That his investing obsession and work ethic took a toll on family life. That he was very ...
My focus today is the housing market — I fear we’re sailing into dangerous waters.
Let’s start with interest rates. The Reserve Bank has spoken and, as widely predicted, rates are on hold — at least for now. But the big question is: where to next? I’m one of 32 so-called experts asked each month to forecast what the Reserve Bank will do at its upcoming ...
Is the U.S. stock market in a bubble? I doubt we’re there yet, but one sign of speculative froth is the recent success of retail investors. On average, retail investors exhibit anti-skill in their stock selection decisions, meaning that their holdings underperform the market. So when retail investors are winning, that tells you that market conditions ...
Australians’ superannuation account balances ebb and flow with investment returns delivered by markets. If you had to choose between a few years of negative investment returns at the start of your retirement or the end of your retirement, which would you pick? Is it better to get the run of ‘bad luck’ out of the way in the beginning? Spoiler alert: a ...
Google became the gateway to the internet because it got users the information they wanted as quickly as possible. Initially, the best way to do this was sending the user to an external website, minimising time on google.com. Google’s original model centred around “10 blue links” to external sites, but developed to improve query responses, offering ...
Investment strategies
Dumb money triumphant
One sign of today's speculative market froth is that retail investors are winning, and winning big. It bears remarkable similarities to 1929 and 1999, and this story may not have a happy ending either.
Owen A. Lamont, ...
While every financial cycle is distinct, historical patterns consistently reveal a common dynamic: the economic value of groundbreaking general-purpose technologies (GPTs), ones that can affect the whole economy, tend to shift from producers to consumers as adoption rates peak. Examining this trend offers critical insights into the evolution of ...
We’re living in a time of paradoxes.
As we explore the consumer landscape, we see it shaped by both innovation and change and timeless human needs. In this tension lies a powerful story: of consumers seeking both speed and meaning, digital convenience and personal connection, individual empowerment and community belonging.
There are the trends like the ...
The RBA’s Quantitative Easing (QE) bond-buying program during the pandemic saw its balance sheet expand to more than $600 billion, creating accounting headaches in the process. It’s now trending back towards its pre-pandemic level of about $150 billion, currently sitting at a more reasonable $400 billion.
The reduction is occurring as the RBA allows ...
Being a teenager in the early 1990s, I remember watching the budget movie that became a cult classic, Dazed and Confused. It followed a bunch of teenagers on their last day of high school, and how they were uncertain about their own identities and about the world. There was a lot of partying, and pot. Several of the young actors went on to bigger ...
In 1991, the House of Representatives Standing Committee on Finance and Public Administration conducted an inquiry into print media, and billionaire Kerry Packer appeared before it. The committee pressed Packer on how little tax his companies paid, to which he replied:
“I am not evading tax in any way, shape or form. Now of course I am minimising my ...
Michael Burry, the investor who famously predicted the subprime mortgage bubble bursting in 2008 and was a central character in Michael Lewis’ book The Big Short, recently revealed that he is shorting more than a billion dollars of shares in tech high-fliers Palantir and Nvidia. Both stocks tanked on the news, though they have recovered some since, and ...
For a long time, I’ve viewed Warren Buffett as a flawed man. A supreme investor, but a flawed man.
It was a view primarily based on Alice Schroeder’s biography of Buffett, The Snowball, in 2008. It painted a picture of Buffett’s private life that wasn’t pretty. That his investing obsession and work ethic took a toll on family life. That he was very ...
My focus today is the housing market — I fear we’re sailing into dangerous waters.
Let’s start with interest rates. The Reserve Bank has spoken and, as widely predicted, rates are on hold — at least for now. But the big question is: where to next? I’m one of 32 so-called experts asked each month to forecast what the Reserve Bank will do at its upcoming ...
Is the U.S. stock market in a bubble? I doubt we’re there yet, but one sign of speculative froth is the recent success of retail investors. On average, retail investors exhibit anti-skill in their stock selection decisions, meaning that their holdings underperform the market. So when retail investors are winning, that tells you that market conditions ...
Australians’ superannuation account balances ebb and flow with investment returns delivered by markets. If you had to choose between a few years of negative investment returns at the start of your retirement or the end of your retirement, which would you pick? Is it better to get the run of ‘bad luck’ out of the way in the beginning? Spoiler alert: a ...
Google became the gateway to the internet because it got users the information they wanted as quickly as possible. Initially, the best way to do this was sending the user to an external website, minimising time on google.com. Google’s original model centred around “10 blue links” to external sites, but developed to improve query responses, offering ...
Investment strategies
Dumb money triumphant
One sign of today's speculative market froth is that retail investors are winning, and winning big. It bears remarkable similarities to 1929 and 1999, and this story may not have a happy ending either.
Owen A. Lamont, ...
While every financial cycle is distinct, historical patterns consistently reveal a common dynamic: the economic value of groundbreaking general-purpose technologies (GPTs), ones that can affect the whole economy, tend to shift from producers to consumers as adoption rates peak. Examining this trend offers critical insights into the evolution of ...
We’re living in a time of paradoxes.
As we explore the consumer landscape, we see it shaped by both innovation and change and timeless human needs. In this tension lies a powerful story: of consumers seeking both speed and meaning, digital convenience and personal connection, individual empowerment and community belonging.
There are the trends like the ...
The RBA’s Quantitative Easing (QE) bond-buying program during the pandemic saw its balance sheet expand to more than $600 billion, creating accounting headaches in the process. It’s now trending back towards its pre-pandemic level of about $150 billion, currently sitting at a more reasonable $400 billion.
The reduction is occurring as the RBA allows ...
Being a teenager in the early 1990s, I remember watching the budget movie that became a cult classic, Dazed and Confused. It followed a bunch of teenagers on their last day of high school, and how they were uncertain about their own identities and about the world. There was a lot of partying, and pot. Several of the young actors went on to bigger ...
In 1991, the House of Representatives Standing Committee on Finance and Public Administration conducted an inquiry into print media, and billionaire Kerry Packer appeared before it. The committee pressed Packer on how little tax his companies paid, to which he replied:
“I am not evading tax in any way, shape or form. Now of course I am minimising my ...
