Investing Education
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A distribution of valuations
Lisa Fedorenko
December 14, 2017
Having finished an advanced mathematics degree, one question my peers often ask me is how does maths fit into investing? Today I wanted to focus on one of the ways maths can help shape investing decisions – in particular: probability distributions. continue…
by Lisa Fedorenko Posted in Investing Education.
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Value investing in the age of machine learning
Tim Kelley
November 14, 2017
The advent of machine-driven investing means that computers can quickly pounce on stocks that the market seems to have mispriced. This development has raised the bar for value investors seeking to outperform the market. But it’s not the beginning of the end for human stock-pickers.
continue…by Tim Kelley Posted in Investing Education.
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Active versus passive when prices are extremely stretched
Roger Montgomery
November 3, 2017
There’s a pithy marketing one-liner that has almost single-handedly produced a multi-billion dollar index-fund and ETF industry. It goes something like this; ‘Most active fund managers underperform the index.’ continue…
by Roger Montgomery Posted in Investing Education, Market commentary.
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When it comes to investing, is it better to think fast, or slow?
Lisa Fedorenko
November 1, 2017
What type of investor are you? When you make investment decisions, do you rely more on ‘gut feeling’, or analysis? It’s an important distinction. Because understanding the way you make decisions – fast or slow – can help you make better ones. continue…
by Lisa Fedorenko Posted in Investing Education.
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Where are Aussie SMSFs investing?
Scott Phillips
October 24, 2017
If you run your own self-managed super fund (SMSF), have you ever wondered how you stand against other investors in the same boat? Well, a recent report shines a light on where we invest and how much we are putting away. It contains a few surprises. continue…
by Scott Phillips Posted in Investing Education.
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Why it’s time to invest in quality businesses
Tim Kelley
October 19, 2017
For the past 18 months, Australian investors have seen a ‘junk rally’ in which lower quality businesses have outperformed. But our research shows that quality is now better value than it has been for many years. continue…
by Tim Kelley Posted in Investing Education.
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Quality and patience are key
Tim Kelley
October 4, 2017
Humans are hard-wired, it seems, with an affinity for narrative over data. When the equity market falls over the course of a day, for example, we want an explanation for what happened. Something vague and unprovable like “profit taking” will do nicely. This explanation offers no real insight into the market, or what it might do tomorrow, but it accounts for the behaviour in familiar and immediate terms, and any explanation is preferable to a shrug of the shoulders or a dry, statistical account of market variability. Not as honest perhaps, but certainly more comforting. continue…
by Tim Kelley Posted in Investing Education.
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A fourth dose of bias
Lisa Fedorenko
September 26, 2017
Human brains are incredible – the average generates 50, 000 thoughts per day. Our thoughts and actions are a combination of rational analysed outcomes, and more automated responses – biases we’ve developed over centuries of evolution. continue…
by Lisa Fedorenko Posted in Investing Education.
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How should you read a broker report?
Tim Kelley
September 21, 2017
Broker reports are one of the most widely-used information sources for equity investors of all stripes, and there is no doubt they can be a very useful source of background information on an industry or company. In addition, they provide financial forecasts, valuation estimates and, of course, the analyst’s overall conclusion: buy, sell or hold. continue…
by Tim Kelley Posted in Investing Education.
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Exchange Traded Managed Funds, tell me more
Scott Phillips
September 19, 2017
Customer experience is vital in today’s competitive environment for the delivery of products and services. Just look at how Amazon has revolutionised the way products are bought, paid for and delivered to its loyal customers. continue…
by Scott Phillips Posted in Investing Education.
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