Monthly Archives: June 2009

Why higher equity allocation is optimal for long-term investors?

Many investors have carried their exposure to stocks through 2008 in the hope that these stocks would generate positive returns if they hold on longer. If their hopes have indeed come true, there is a lesson for long-term investors: construct … Continue reading

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Derivatives: The risk that still won't go away (Fortune)

by Carol Loomis Since it is chillingly clear that U.S. financial institutions have for a good while been regulated no more stringently than, say, demolition derby drivers, Washington has belatedly locked the garage door and begun to debate strict new … Continue reading

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Best advice I ever got

In a world of uncertainty, we could all use a little advice. So we asked a host of influential leaders to share with us the wise words that changed their lives forever. Click here for the article.

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Why Most Investment Managers Have It Backwards by Seth Klarman

For value investors, last fall’s crisis provided an unprecedented opportunity.  Down markets are a great time to buy securities, as Graham and Dodd said in Securities Analysis, since the average investor can usually only get them “at prices that the … Continue reading

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Which bubble would now keep America hooked again?

More than in stock markets, there is a bubble in the orchestrated positive spin on economic data. There is a dangerous agenda behind it. We have to start with the US, the mother ship for all of this. Almost all … Continue reading

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1927-1933 Chart of Pompous Prognosticators

“We will not have any more crashes in our time.” – John Maynard Keynes in 1927 “I cannot help but raise a dissenting voice to statements that we are living in a fool’s paradise, and that prosperity in this country … Continue reading

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Using the inverse of P/E to read markets better

With the local stock markets rallying more than 65% from the bottom seen in March 2009, the “valuation debate” is back in vogue. Though absolute valuations are always debated, relative valuations are hardly discussed. We shall discuss relative valuations here. … Continue reading

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