Equity returns

Rising yields are usually unimportant. In sharp contrast, valuations are always crucial. Australian and value stocks abate this major risk.

A recent “analysis” overlooks key facts and ignores major risks. I analyse comprehensively and rigorously, and thus conclude justifiably.

Its impact upon stocks – and of stocks upon it – has long been scant. Investors should ignore it and those who try to predict its actions.

Their earnings have sunk since the GFC, yet even weaker bases underpin the S&P 500’s returns. Aussie stocks thus offer better prospects.

Its valuation is unappealing and it’s extremely top-heavy. If these variables revert to historical means, investors will sustain losses.

To succeed as an investor, it makes sense to err on the side of cautious optimism, otherwise there is no point in investing.

We’ve outperformed over the long term by being conservatively contrarian during booms and aggressively contrarian during busts.

It is often good to look back at where we have been and consider how our views have evolved over a specific period towards the current consensus. In this context,...

Equities, while volatile, have historically provided attractive returns to long-term investors. The ASX All Ordinaries Index, for example, has delivered a compound...

Warren Buffett has famously been quoted as saying: “The first rule of investing is ‘Don’t lose money.’ The second rule? ‘See the first rule’.” This might seem...