Episode 8: Macro outlook, Microcap investing & Scorecard review

Is there more pain to come?

What can investors learn from a 1200% gain?

What’s behind the latest move?

Are shares good value?

Accounting may not be the most enthralling of topics, but some basic literacy here is vital if you fancy yourself a stock picker. As Buffett put it: “You have to understand accounting and you have to understand the nuances of accounting. It’s the language of business and it’s an imperfect language, but unless you are willing to put in the […]

With a little over a week before the end of the year, I think our little investment community can safely declare success for 2024. The Strawman Index, which tracks the most widely held stocks across member portfolios, smashed it out of the park with a 23.5% return for the 12 months through to December 19. Handily outpacing what was a very […]

In a fair and just world, the only way to build wealth is to generate value for others. If you can enhance the subjective well-being of someone — either through your direct labour or by producing a good they desire — you can demand payment. Either in kind, or more likely money; that wonderful, civilisation-unlocking technology that has allowed human cooperation and coordination […]

Zoom out on any major developed-market index and you see a steady wealth-creation engine: a polite upward march fueled by human progress. It is a phenomenon hiding in plain sight, available to anyone with the vision and patience to seize it. Of course, such a panoramic view obscures the true nature of the journey. To the investor who has actually […]