The property bust that matters

Guy Carson

We love to talk about property prices in this country. When they were going up, Saturday afternoon BBQs were filled with positive talk and confident predictions of a never-ending bull market. Now that prices have started to reverse, the conversation is less bullish and revolves around how far they will... Show More

How this cycle will (may) end

Guy Carson

Bridgewater’s Ray Dalio recently gave an interview where he said he believes that we are in around the 7th inning of the current economic cycle. To spell it out, baseball games have 9 innings and so this suggests he believes that we are closer to the end of the cycle... Show More

Party like its 1999, is there value in the Tech sector?

Guy Carson

Reporting season has come and gone and as always there were surprises. To us the major surprise was the continued march higher of stocks we considered to be significantly overvalued. Investors continue to pay up for growth in a manner akin to the late 1990s and in many cases we... Show More

How important is a rising currency?

Guy Carson

When evaluating a business, it is important to understand what drivers will have an impact on the profits and profitability. In the case of most businesses, currency will be a factor to a varying degree. Exporters will benefit when a currency falls, importers will benefit when it rises. Those companies... Show More

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