Group-Think Is Not An Asset Class

Last week ended much like most weeks do these days; with the crowd being pushed along to worry about something. Any reason will do these days. We were told Thursday (markets were closed Friday) was a terrible day...

Horses for Courses

How good are you at picking winners? Take the Aintree Grand National on Saturday for instance. The horse I backed at 20 to 1 came in at 20 past 6. It was the last of 19 that finished...

Spring Cleaning

In my second article for Master Investor readers I want to raise some questions that hopefully will help improve your long-term real returns and planning. Unless of course Financial Independence doesn’t float your boat. And if it doesn’t...

Market Sentiment Votes with its Wallet

Despite Q4 earnings data feeling like it just finished flowing in, here we are staring into the teeth of the Q1 2017 corporate earnings season that started this week. And we’ve repeatedly covered how analysts low-ball expectations in...

Bad News? OK, What’s Next…?

Some of the smartest long-term investors have taught me that when bad news seems like very bad news indeed, there’s just one question you need to ask: "Yeah, but what's next?" I’ve learned you can glean far more...

Cruising at High Altitude?

The higher the averages move, the bigger the market setbacks feel. We’ve often referred to this feeling here as “altitude sickness.” And it’s likely to be with us for quite some time. In fact, in the not too...

Investors Should Do Less of This

Here’s a chart that caught my attention. It helps create a picture of underlying value. And that always relates back to demographic shifts, handing over the generational baton from the Baby Boomers to the Millennials of Generation Y,...

Wall Street’s Three Dirty Little Secrets

Many investors will assume the most important event on this week’s calendar is the meeting between Trump and China. The media will drive this one into the ground. They’ll analyse every breath, syllable and body movement and focus...

The Merchants of Menace

Anybody even just glancing at the money pages over the last week can’t have failed to notice it’s that time again. For some reason or other financial journalists deem this week “ISA Season”. I read today that over...

D.I.V.O.R.C.E.

Everyone knows that divorce can be a messy business even between two people. The divorce the UK is going through with the EU is like a polygamist relationship as in reality we have 27 different “spouses” each with...