It’s the rebound that kills
A salutary lesson from crashes past is that it’s not necessarily the bear market that kills, but the recovery. Not that this market is a bear market. I’m just thinking ahead
Having finished my holiday read in the early ours of Monday morning (Glasshouse by Charles Stross, a book I found in Mark Andreessen’s […]
Stepping back from market madness
The crisis in the markets is all about profitability and debt. But to begin to understand it, you have to take a step back from the madness.
I’m off on holiday tomorrow. With the market running wild, it’s a nervy time to be away, so I thought I’d sign-off by trying to put things in […]
“Look at every opportunity that comes your way; know exactly what you’re buying; don’t be sentimental; and never pay too much.”
Rules, perhaps, that any business-minded investor should aspire to, and Gannett’s acquisition strategy as enunciated in a tribute to its former CEO, and Gannett lifer, Douglas H. McCorkindale in the company’s 2006 annual report. Gannett is, publisher of USA Today and countless regional newspapers and websites in the US and the UK. Although none of […]
The six cheapest shares in the market
Dr Keith Anderson reveals the six cheapest shares in the market according to the Naked PER, a measure that promises superior returns.
This is the third of our quarterly updates on the cheapest six shares on the market, measured using the Naked Price Earnings ratio, and calculated by Dr Keith Anderson. The gist of Dr Anderson’s […]
The funny side of sub-prime
In case the last post depressed you. In the US, the Colbert Report is a kind of one man ‘Have I Got News for You‘. Jim Cramer is a celebrity market pundit, former hedge fund manager, and self-confessed sharp practitioner. Yet Cramer is more concerned about dissposessed homeowners than turmoil in the debt markets and […]
This is what the end of capitalism is like…
When you woke up this morning it may have felt as if the end of capitalism was nigh. That’s unlikely, when you consider what the end of capitalism would really feel like.
Listening to Bloomberg Radio, the headlines seem mildly apocalyptic. Fears that defaulting US mortgage holders will lead to global debt contagion re-emerged as BNP […]
Profiting from uncertainty
Investors hate uncertainty but paradoxically it’s in uncertain situations that some of the best opportunities lie, if you have what it takes to embrace them.
I want to look at Wogen (a company), for a couple of reasons:
Graeme Pietersz an analyst and blogger recently challenged active investors to demonstrate their skill by explaining the inefficiency […]
The Dow since 1920
It’s to indexes what the QWERTY keyboard is to computers. Because it only has 30 constituents, weighted by price, not capitalisation, the Dow Jones Industrial Average is not an ideal market barometer, but it’s the most widely reported index and it has a very long history.
As well as price, Valueline’s chart (Dow Jones Industrial Average, […]
