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Some times you just wake up with a clear view of our current condition. I think my friend Chris Joye, a columnist for the The Australian Financial Review and a director at YBR Funds Management, might be feeling a little like Neo did in the movie The Matrix, when he woke up to see reality for the first time.

In his article today, Why Capitalism Is Not Doing Its Job, Chris makes the observation:

“There is absolutely a role for governments to vouchsafe a minimum level of liquidity when markets temporarily shut tight in crises. I argued this in March 2008 apropos the securitisation market, which the government ended up (very) profitably supporting with $15 billion. continue…

by Roger Montgomery Posted in Financial Services, Insightful Insights, Value.able.

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I sat next to David Murray AO, Chairman of the Financial Services Inquiry (FSI), at a breakfast meeting yesterday and I understand his final report is scheduled for presentation to Treasurer Hockey before the end of the month.

David is a quiet and very thoughtful guy and with a chuckle he said, “I have been trying to leak the recommendations of the FSI but no one seems to be listening”. continue…

by David Buckland Posted in Companies, Financial Services, Insightful Insights, Value.able.

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For those of you looking for some relief from the trails and tribulations of investing; we had to laugh when we read this excerpt from the transcript of a conference call between analysts and Cliffs Natural Resources Chairman, President and Chief Executive Officer Lourenço Gonçalves. 
Cliffs Natural Resources Inc. is a higher-cost iron ore producer in North America.

There’s no question about the humorous value in this dialogue. However, the question that remains is whether analysts are less likely to put a negative rating on a stock following such interactions. continue…

by Roger Montgomery Posted in Insightful Insights, Value.able.

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I recently came across this excellent animated educational video produced by Sirtex Medical US, showing how their core medical device, SIR-Spheres, are delivered to inoperable tumours in the liver. continue…

by Russell Muldoon Posted in Health Care, Insightful Insights, Value.able.

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The ACCC yesterday issued a press release on its proceedings against Coles Supermarkets for their alleged contravention of the Australian Consumer Law. We’ve highlighted what we believe to be of interest below. You can read the full ACCC statement here. continue…

by Roger Montgomery Posted in Insightful Insights, Property, Value.able.

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CSL has announced a $450 million investment to expand its global production capacity. continue…

by Ben MacNevin Posted in Companies, Health Care, Insightful Insights, Value.able.

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Warren Buffett was on CNBC’s On the Money program over the weekend, and we thought you might be interested in his very latest thoughts… continue…

by Roger Montgomery Posted in Insightful Insights, Value.able.

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In the field of financial mathematics, for 50 or so years we have essentially been restating and coming up with different ways to answer the same question; if I know a stock price today, can I know the stock price tomorrow? continue…

by Scott Shuttleworth Posted in Insightful Insights, Value.able.

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In recent months, the number of very successful investors doing ‘it’ themselves has surged.

So here’s a question:

Do you think the number of very successful investors will continue to surge when the market falls? continue…

by Roger Montgomery Posted in Insightful Insights, Investing Education, Value.able.

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Following the September Board meeting, the Governor of the Reserve Bank of Australia (RBA) has provided a very thoughtful perspective of the Australian economy and the RBA’s view on asset prices. It’s well worth a read. continue…

by Ben MacNevin Posted in Economics, Insightful Insights, Value.able.

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