What happened on stock markets overnight, and why we anticipate more panic to come.

You trained for this!

Argh!!

Markets have entered “risk off” mode, I think there is good reason for it.

It was a good year with a hypothetical equally weighted portfolio of my recommendations gaining around 28% and my personal portfolio up over 40% (thanks to Pro Medicus once again).

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.

The Pensive Gardener was deeply passionate about sharing the beauty of his garden with the world. Every day, he invited visitors to wander its paths, marvel at the vibrant blooms, and immerse themselves in the fragrances that filled the air. His enthusiasm for showcasing the garden’s splendor was so boundless that he spent most of his time … Continued

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).