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In an environment characterized by increasingly shorter investment horizons, the concept of compounding sounds so passé, but it remains one of the most important principles governing investment. The time has perhaps come to look beyond the short-term noise and focus on good old stock picking, and specifically those companies with strong balance sheets that will be growing their dividends over time with a reasonable degree of certainty. [...] More on this topic (What's this?) Real Estate as an Inflation Hedge? Don’t Bet On It (REIT Wrecks, 7/7/09) S&P Continues It's Commercial RE Downgrade Rampage (The Value at Risk, 6/30/09) Worthwhile Reading: Alan Blinder on Inflation v Deflation (The Value at Risk, 6/22/09)
This post features excerpts from the weekly market commentary by well-respected Comstock, arguing that the stock market rally has probably exhausted itself in the absence of a strong economic recovery – an event unlikely to materialize any time soon. [...]
By Cees Bruggemans With the SARB going on hold last week, the prime interest rate remaining at 11%, the question is what next. Another cut of 0.5% in August, prime falling to 10.5%? Or have we reached a bottom, prime remaining at 11% through next year, with the speculation shifting [...] More on this topic (What's this?) Real Estate as an Inflation Hedge? Don’t Bet On It (REIT Wrecks, 7/7/09) Two Measures of Inflation: New Update (Phil’s Stock World, 11/30/12) The U.S. Lies About Inflation: Here's The Inflation Secret The Government Doesn't Want You to Know (Money Morning, 4/13/12) | ||||||||||||||||||||||||||
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