Long term investing is risky

It is common to hear that long term investing, usually defined as five years or more, is the panacea for the risks involved in investing in equities. “Invest for the long term” is a nice cozy assurance that your investment will always pay off as long as you give it enough time. But just by… Read More »

Tesla’s electric cars will remain just a niche

Elon Musk, Tesla, and luxury electric cars have been the most eye-catching keywords of the past few months. The entrepreneurial experience of the legendary Elon Musk has set off a raging tide of electric cars in the lifeless U.S. auto sector, at the same time the U.S. government is trying to reshape the competitiveness of… Read More »

Why You Shouldn’t Be an Investment Banker

Everyone hears a lot about investment banking while in school, and it seems to be the coolest thing since the wheel. The point of this post is not to bash on sellside, but just to give an idea of why many people prefer the buyside. Equity Research A different industry Investment banking is really concentrated… Read More »

Institutional Investor’s 2014 research ranking

Like every year, more than 2,200 money managers working for about 800 investment institutions (with circa €6 trillion of equities under management) have voted for their favourite sell-side research analysts on the 2014 Institutional Investor’s 29th annual equity research ranking. Many buy-side fund managers rely on the opinion of sell-side analysts to assess their current or… Read More »

“The evil markets” are your mom’s savings

Whenever something bad happens, we always try to find who is responsible, someone to blame. Our mind works on logic. When someone is killed we get very nervous, but quickly calm down when a culprit -the murderer- is found. Actually, we calm down even more, if we find the motive (the reason behind the murder), particularly if… Read More »

Be contrarian to outperform

Do you need a goal for 2014? BE CONTRARIAN. In any area of life, following the crowd means that you will not, by definition, beat the crowd. Leaving luck aside, there is a distinct reason why the top 1% have achieved their high status in life: They utterly refuse to behave and think like the 99%.… Read More »

Printable Excel cheatsheet

This printable excel cheatsheet can be a great resource for people who are new to Excel, and it may also help out many experienced Excel users. The first two pages are very basic, and then the infographic digs into a bit more advanced stuff.

The phases of the market

Most investors buy at the highs and then see their stock or index fall shortly after. Learning to recognize the phases of the market and using these patterns to your advantage will give you the upper-hand and significantly improve your returns. Smart-money investors study, analyze and understand the 4 phases that take place in every cycle: Accumulation, Mark-Up,… Read More »

Pollution set to restrict car sales in China

As winter comes, fog and haze in northern China has once again grabbed the public’s attention. Various remedies have been discussed to solve rampant pollution problems caused by coal-burning heat supply and industry production. Unfortunately, a fully effective resolution is very difficult to be provided and implemented in such short period of time. As a… Read More »

Observing body language to detect management lies

One of the most important jobs of an analyst is to assess the quality of management. We’d all like to know when the person on the other side of the conversation -especially executives of stocks we’re researching- is being untruthful or at least sending us down the wrong path. Even among those who has extensively… Read More »