Academic research suggests Sell decisions fail to add value when they are based on an appraisal of relative value rather than a bad announcement.

A good year for my personal portfolio, which was up 32.92%. But one stock, Pro Medicus, made an outsized contribution to that result. What about the rest?

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In a quiet neighborhood, there were two neighbors: Mr Indigo and Mrs Bloom. Mr Indigo opted for a perfectly average garden —tidy hedges, a lawn, and some basic flower beds. He believed in simplicity and low maintenance. Mrs Bloom, whose beauty was matched by her ambition, dreamed of creating a beautiful, vibrant garden for her … Continued

Charlie Munger’s argument that “Incentives really matter” is worth remembering when selecting a fund manager for your family.

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Thank you for reading and wishing you a wonderful 2024 ahead.

There are definitely better opportunities in small-caps after the last 18 months, but I’m still leaning cautious due to inflation.

I failed to appropriately capitalise on some of the best opportunities I identified.

ESG investing aims to lower the cost of capital for companies that are good for external stakeholders. But ESG Investing has serious flaws.

IT consulting companies can have very cyclical earnings, but bit long term digitisation trends can drive rare success stories.

A flat half that suffered from my lack of exposure to mining.

I made a very bad investing mistake in 2022. By beating myself up for it, I hope not to lose the lesson.

Owen and Claude talk about picking a market bottom, as well as RPM Global (ASX: RUL) and Altium (ASX: ALU).

When fear reigns it is hard to force yourself to buy growth stocks, but these are the half dozen I have most faith in (at the right price).

At the moment, Forager Fund Management’s ASX Fund has a higher weighting to tech stocks than in times gone by.

My biggest errors were in not selling quickly once the situation with management changed. My biggest successes were selling based on valuation.

Warren Buffett liked to invest in businesses with these two key features, during the high inflation of the 1970s and 1980s.

My investment in Brazier Equity was very successful. I mourn the fact it is wound up.

As we see out the end of 2021, all signs point to a bumpy start to 2022. Here’s how I’m thinking about inflation, Omicron, and the end of 2021.