Al, how does one get the job of being a book author working alongside Jim Mellon? Where do I need to apply? I’ve known Jim since the late 1990s when he used to live in Hong Kong. It was on one of his visits to the Territory back in 2003 when we were catching up…
This is the first in a 12-part series of articles by Swen Lorenz, reporting on easy-to-access investment opportunities in high quality real estate around the world. This month, Swen has travelled to the Big Apple to visit an American icon. Of the world’s record-breaking real estate locations, none beats more records than that tiny island…
Evil discusses ASOS, Quindell, the business leaders’ letter in support of the Tories, and Sam Cameron… I may have missed something (I doubt it) but ASOS (ASC) is on a PE of the order of 100 and profits are declining. Timber! The fan club would point out, if minded, that I have misunderstood matters. All…
The Markets The Office for National Statistics has said that UK productivity levels remain below those in 2007, with recorded figures showing a drop of 0.2% in the final quarter of 2014. While alternative measures such as output per worker were more positive, Vicky Redwood, UK Economist at Capital Economics, said that “this still isn’t…
By Robert Sutherland Smith (Ref. my earlier note dated 22nd March 2015.) I ran the rule over Thomas Cook (TCG) at 142p as a possible speculative buy on the 27th March last, albeit pointing out its many defects as a store of value, which included a lack of asset backing, earnings and dividend. This…
Older readers will recall Nasdaq-quoted World Acceptance (WRLD). It was then $20 and set to collapse. In the event, year after year, the imminent raids from the Feds never materialised and World got up to close on $100. I just gave up. But this is a massive scam and, on Monday, Seeking Alpha published a…
Economic analysis by Filipe R. Costa Long gone are the days when central banks used to target monetary aggregates in order to attain price stability. Until the early 1990s, central banks thought the correlation between the money supply and inflation was strong enough for them to be able to define as their intermediate objectives some…
by Frederik Vanhaverbeke In the last of a series for SBM, Frederik Vanhaverbeke, author of Excess Returns: A comparative study of the methods of the world’s greatest investors, looks at how some of the world’s greatest investors are so successful. The extreme efficient market theory is “bonkers”. It was an intellectually consistent theory that enabled…
Few would disagree with the idea that the stock market is a place where by definition we are kept guessing. Of course, speculation is a rather more upmarket version of the guessing concept. But it has to be admitted that for most of the market there has been quite a struggle to come to terms…
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