The Evergrande saga is intensifying daily. The firm’s equity is all but gone. Its debt barely trades. Its sales and assets are crashing in value. Its brand damage is ruinous.
I had a fascinating space investment conversation (podcast) today with Dr Andrew Barton, an engineer specialising in space technologies with a long career in both Australia and internationally.
Last week I dealt with the less controversial changes to the Shiller P/E. You probably want to read that first. In this post, I derive a more advanced version: CAPE 3.0. The main finding? If you measure it differently, the last 20 years go from being an expensive aberration to a typical investment ...
For many value investors, the Shiller Price/Earnings ratio is the holy grail. There are a number of problems with the ratio which are making it look way more expensive than it is. If we fix just some of the least contentious issues, the Shiller P/E looks almost 25% cheaper.
We covered inflation in a lot of detail in our four-part series earlier this year. So far, the inflation cycle is playing out largely as foreshadowed. In particular, the inventory supercycle.
Most of the global reporting season is over before the Australian reporting season has begun. It has been a cracking reporting season; upgrades are running as high as they ever have for US large-cap stocks:
Has anybody else noticed how nobody is talking about a "commodity supercycle" anymore? There is a good reason for this. A commodity supercrash has begun instead.
We look at four key factors that constrain how high or low property prices can go. These are the four factors you can use to forecast residential real estate prices in our Australian property market calculator:
All investment managers have an investment philosophy that explains how it is they seek to make money. At first glance, this would seem an obvious enough statement. But once you factor in the efficient market hypothesis proposed by Samuelson and Fama, the investment philosophy statement becomes ...
With the end of the 2020/21 financial year fast approaching, it is time to speak to your accountant regarding strategies to grow your long-term wealth within superannuation, to allow enough time to have them fully executed well before the June 30 cutoff.
This is the final in our series of four posts on the contrarian view for inflation. This time we look at what to do from an investment perspective.
