Shaken or Waited Out
To make the case for long-term investing, you need little more than a multi-decade chart of the market. At that scale the benefits are undeniable: bottom left to top right, at a very tidy rate of…
The Last Straw
Manufacturing Serendipity
Investing is a humbling game. You can build the most detailed discounted cash flow model, scrutinise every footnote in the annual report and interrogate…
Independence of solitude
For a very, very long time, staying with the group was almost always the safe bet. Free-thinking contrarians who questioned whether there really was…
The archive
Quality, meet value
“The bitterness of poor quality remains long after the sweetness of low price is forgotten.” Benjamin Franklin As investors, we want to buy when…
Don’t confuse the weather with the climate
In investing, as in life, experience is usually the best teacher. But it’s still easy to learn the wrong lessons.
A bigger pond
US shares are now on Strawman. You can paper trade them in the same portfolio as your ASX holdings, with the same play money,…
The other ninety-eight
There is something deeply triggering about billionaires. Especially those who hold obnoxious political views, post like manic teenagers, or simply come across as insufferable…
Know thyself
As a younger investor, I was convinced there was really only one proper way to invest. Essentially, unless you were investing like Buffett, you…
Another F$#king AI Article
If AI continues to make building systems and writing programs cheaper and easier, we will need a lot fewer developers. In fact, a lot…
The Quiet Compounder
Of the US market's greatest compounders, only six averaged more than 20% a year over their lifetime. Six! But they weren't the ones that…
Abundant Intelligence
Investors keep having the same argument about AI, but it’s the wrong one. There can be a genuine, society-altering technology and a very expensive,…
Pondering Position Sizing
The Kelly Criterion won’t give you the true odds — but it will stop you betting the house on a number you invented.