Luck, randomness and skill…….
One of our long standing customers forwarded this article to me last year. It touches on a number of important topics that I believe are strongly related to active investing and are well worth being aware of to help put your trading endeavours into perspective. http://www.smh.com.au/executive-style/culture/luck-of-the-draw-20120829-250hc.html I’m sure that as you read this article all […]
History Making Event on the Horizon
We may be approaching a history making event in the next few weeks so now is a good time to put this event into perspective. Whatever the outcome of the event I’m talking of, it will be analysed and investigated millions of times over in years to come. Over the past few months, readers of […]
Performance during rising and sideways markets
This week’s blog looks at our momentum ‘equities and cash’ strategy’s performance during rising and sideways markets. I have put this week’s posting together in response to a question by a reader of last week’s blog. His question is repeated here: “Gary, is it possible to compare these strategies from a more recent common start […]
Improving the worst case portfolio scenario
This blog continues on from last week where I posed the question: “How can I, in advance, eliminate the fairly good chance of selecting a poorly performing long term portfolio, even if I re-invest dividends?” There are two approaches of ensuring that one does NOT experience portfolio performance similar to the poorly performing 10-stock portfolio […]
Systematic risk management for buy & hold portfolios
Last week we looked at the potential upper and lower limits for ASX dividend re-investing buy and hold portfolios. I posed the question of how systematic risk can be mitigated and how the worst case stock selection can be avoided. Before getting into these answers we should quickly explore the difference that re-investing dividends makes […]
When is cash King?
Following on from last week’s blog, which was entitled “Cash is sometimes King”, emphasis added, we will explore deploying an equities-only long term buy and hold strategy compared to cash-and-equities for the same strategy, because oftentimes cash is not king. The last 12 years have undoubtedly seen secular bear market conditions, which I have discussed […]
Cash is sometimes King
Welcome to a new year of the Gary Stone Journal. 2012 has come and gone and we can now look forward in the hope that 2013 will be a year of fruitful investment. To begin afresh, I thought that I would share with you my thoughts on an investment principle that is hardly the most […]
The Trading Manifesto – Brand new Special Report
My brand new and FREE Special Report is hot off the press. It’s called “The Trading Manifesto”. Why the name, “The Trading Manifesto”? Because the contents of this report are a written declaration of my thoughts, passions and beliefs on how every self directed investor should approach the markets. When I thought about what to […]
Unholy Grails by Nick Radge
I recently read Nick Radge’s book “Unholy Grails”. I highly recommend that every investor read this book. I repeat these quotes here because I am in total agreement with the concepts and principles discussed in Nick’s book. I also do so in an effort to add further evidence to assist readers of this blog to […]
Open Letter
The following Open Letter was sent to me by Mike Cullen as a comment to last week’s blog. It contains an interesting way of viewing trading, which I obviously agree with. I felt it deserved it’s own limelight as a posting all on its own. The context is Mike visiting a friend, Bill, who has been […]