A list of 12 books for serious investors

With the volatility of 2018 continuing into early-2019, what should investors be looking for, and which companies are best positioned to survive?

In our office, we have switched from Secret Santa to Bad Santa. In Bad Santa, each member of the office draws a number from a hat. The lowest number then starts by picking and opening a present from a pile of wrapped presents. The next...

For the last twelve months Arminius has been pointing out that the next financial crisis is fast approaching, and that it will be very different from the GFC. The GFC was a banking crisis triggered by massive defaults on securitised...

Adam Smith, the author of The Wealth of Nations and arguably the first modern economist, famously said: "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to...

Photocure (FRA: PHS), also known as The Bladder Cancer Company, develops products and services with the aim of improving the lives of bladder cancer patients. Photocure has a current market capitalisation of USD $130m and we estimate 2018...

It is not often you will get this writer singing the praises of our bank regulator. But the recent discussion paper1 released by APRA on how to increase capital to meet global standards for our major Australian banks, in our view, is not...

2019 is the Year of the Pig. In the Chinese zodiac, the pig is regarded as peaceful and generous, but the Chinese government already has a serious problem with pigs. In addition to fighting a trade war and trying to deflate a credit...

Two years ago this month, Morphic made a rare foray into the "battleground" that is Australian property views. We say battleground because, a bit like schooling, everyone has an opinion as everyone has an experience and that opinion is...

Through 2018, many of our investors may well have become bored listening to our endless repetitions of the warning that a market correction was "just around the corner". In October, the correction arrived in all major markets: the US...