December 02, 2013
Mark Minchin

The Jelly Bean Experiment

Markets can be noisy. How do you deal with this as an investor? One option is to take a position based on a single expert’s opinion. But experience shows that can be a hazardous occupation. Another idea is to look to the combined views of all market participants (basically free load on the hard work of many others).



This 5-minute BBC video from Professor Marcus du Sautoy uses jellybeans to describe how this strategy works.

Respect the Cycle

One of the first really valuable lessons I learned in my investment career was to respect the market cycle. One of my seniors at Macquarie Bank always used to say “the cycle lives on!” He was right of course. It was the heady days of 2006/07 when the mood amongst [Read More]

August 14, 2014