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Edition: 8

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Edition 8

  • 29 March 2013

Current sharemarket rhyming with post-1973, 32 years of performance data, thinking irrationally and small v large caps.

Jumping frogs and rhyming markets

Who is the greatest market analyst of all time? Towering above all is Mark Twain with his immortal line: “no occurrence is sole and solitary, but is merely a repetition of a thing which has happened before, and perhaps often ...”

Lessons from 32 years of investment returns

Future returns from different asset classes are always uncertain and subject to contrary forecasts, but there are useful lessons from the past. As Shakespeare wrote in The Tempest, "What is past is prologue."

So you think you think rationally. Think again

Each day, we respond to problems quickly, automatically and often gullibly, giving undue attention to details that stand out easily. Critical information is often ignored. The best investors are those who can hear through the noise.

If the small cap fits, wear it

There are reasons why small cap stocks have a history of long term outperformance, although recently, the preference for defensive large cap yields has dominated.

A new vision for retirement: productive and meaningful

This extract from Harvard Business Review looks at how meaningful work for retirees can help avoid the problems that a rapidly rising dependency ratio will cause. In the US, 10,000 baby boomers turn 60 every day.

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Super is catching up, but ageing is a triple-threat

An ageing Australia is shifting the superannuation system’s focus from accumulation to the lifecycle of retirement. While these pressures have been anticipated for decades, they are now converging at scale and driving widespread industry change.

Has Australia wasted the last 30 years?

The 20 years after Peter Costello left Treasury have been deemed wasted...by Peter Costello. The missed opportunities for Australia began long before.  

The 5% deposit scheme is bad for homeowners and Australia

An ‘affordability’ scheme making the county more vulnerable to economic shocks and contributing to the deteriorating financial situation of everyday Australians.

3 ways to defuse intergenerational anger

With the upcoming budget increasingly likely to include bold proposals to alter the tax code I’ve outlined three incremental steps with fewer unintended consequences.

Navigating the next stage of life in retirement

Retirement planning is more than just saving enough money. Long-term care needs, housing choices, and social networks are just as critical for a happy and enjoyable life.

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