equity

“De-risking” is the buzzword du jour on Wall Street, where hedge funds and their ilk are cutting positions, selling stocks and covering shorts. So-called degrossing...

Markets have had a rocky start to the year, with expensive growth stocks bearing the brunt of selling. Key to this has been an aggressive repricing of rate hike...

We recently compiled a fairly detailed note for investors and subscribers that addresses an evergreen question: how much can an investor safely pay up to own a...

Recently, we wrote about the return a long-term investor might expect to earn buying Australian listed equities at today’s prices. The note, which can be found here,...

The origin of the term "crying" for Auctioneers followed a time when Roman soldiers would thrust spears into the ground to signal the start of the sale of auctions for...

A recent magazine cover highlights the current mood in stock markets. The collapse in March seems like a distant memory given that most stock market benchmarks around...

Earlier this month, a columnist at another Australian website encapsulated the exuberance that’s currently gripping stocks – and the incredulity that somebody mightn’t...

Persistently low interest rates and a structural decline in economic growth mean global equity valuations should remain high for at least the next decade, says Credit...

Designating low-PE stocks as value is a flawed concept. On average and over many years, low-PE stocks have generated much lower EPS growth, were more likely to cut...

Global stocks have staged a relentless rally in recent months even in the face of arguably the worst economic conditions since the Great Depression. While there are...

Talk of PE ratios is as popular as ever, even amongst investment professionals. At Blue Oceans Capital, we don't recognise them as valid. Let me explain. The...

Following on from our latest article ‘5 themes worth backing this year’, we identified a number of themes & opportunities we are monitoring for 2020 and beyond. The...

Perversely, often buying stocks on an expensive valuation is a good strategy. This is because valuations (even on forward numbers) run in front of earnings upgrades. I...

Recent on-the-ground research in India overwhelmingly highlighted strong support for Modi and the belief that he is the right Prime Minister to take India to the next...

In assessing the value of a company, the market tends to focus almost exclusively on the outlook for earnings growth. While obviously important, this ignores other...

Geopolitical concerns, delays to the Trump Administration’s planned fiscal stimulus, and benign US economic and inflation data have made bond markets more relaxed and...