Triumph of the Ostriches
Obviously the title of this post is a riff on the classic book, Triumph of the Optimists by Dimson, Marsh…
The Full Montier: Absolute vs. Relative Value
James Montier, one of our favourite thinkers and fellow evangelist for behavioural economics and evidence based investing, published a great…
Don’t Take Our Word For It
In Industry Illusions, Retail on“It is difficult to get a man to understand something, when his salary depends upon his not understanding it!” Upton…
Dividend Delusions
Just a short post to highlight the frothy premiums currently being bestowed upon the ‘slow and steady’ blue-chip dividend stocks…
Expensive Markets Revisited
In Market Commentary, Retail onThe previous post demonstrated that stock valuations are expensive as measured by Robert Shiller’s Cyclically Adjusted PE Ratio. Stock valuations…
