They say having children profoundly changes you. It certainly does. Last week my oldest daughter turned five. Ten days prior, her younger sister turned one.
Recently I came across an old piece I wrote, about four years ago, which today seems more apt than ever. It’s about the long-term consequences of near-zero interest rates,
This morning, I got an interesting question from a reader. Referring to one of my past stock recommendations, Karoon Energy (KAR on the ASX), he asked if he should sell because he was down 50%.
Many professional investors, from Warren Buffett, to Stan Druckenmiller, look foolish right now. They’re focussed on avoiding risk. A focus on minimizing risk is actually the number one trait of every truly successful investor and trader.
Last Friday, zero shares traded on the Dar es Salaam Stock Exchange. The same day, the NASDAQ in the USA traded 6,572,850,000 shares – an all-time high. I believe one of these statistics signals an opportunity, near the bottom. The other signals danger…