I have linked many times previously to Scott Sumner’s blog; he is my favourite economics blogger, an enviable thinker. His new paper on NGDP targeting (pdf) is a breath of fresh air, particularly how it envisions dealing with bail-outs & moral hazard.He also had a post a month ago about inflation and market perceptions. As […]
Monthly Archives: October 2012
Our holdings spiked up nearly 2.5% this week to a record high of $1.20803 per share. This outpaced the not unimpressive weekly rise in our benchmark. I don’t have too much more to say, except blame AGM season; a few of our holdings have presented well at AGM and consequently improved their recognised value at […]
I am an unashamed value investor. Value dictates virtually everything I do (economically), I consider myself the textbook definition of ‘rational expectations’ with a personal skew away from value other market participants might place on intangibles like brands and others perceptions of them. Utility for me derives almost exclusively from function. I always purchase second-hand […]
Our opponent (the S&P ASX200TR index) soundly beat us this week, up nearly 2.5%. Our holdings also advanced soundly, up 1.34% on the week, dividends have started rolling in, meaning we are growing our cash holding, as always with an eye to any opportunities that should arise. The benchmark is now within a hairs breadth […]