John O'Connell

Special Report

The Stock Market is a Traffic Accident Waiting to Happen Recently, I was reading an article written by a professor of finance who had done a detailed study of “How Novelty and Narratives Drive the Stock Market: Black Swans, Animal Spirits and Scapegoats”. Behavioural finance is all the rage these days. It’s interesting stuff for …

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Cheque Kiting

Month End Update – May 2021 All the companies that you own have now reported earnings for the quarter ended March, 2021. These companies continue to navigate well the various challenges that have beset the world since the outbreak of the Coronavirus early last year. It is a testament to the strength and creativity of …

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April Update, 2021: Simple Delights of a Hot Fudge Sundae

Investors continue to value the companies in your portfolio with generous valuations. It is hard to find fault with their enthusiasm when confronted with the following facts. Amazon hit record highs this Friday after posting its 24th consecutive quarter of revenue growth exceeding 15%. This past quarter its sales grew 44% to $108.5 billion or …

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March Update, 2021: Counting Your Chickens

Investors collectively continue to have a positive bias towards their assessment of economic progress, and by extension, this continues to be reflected in generally rising stock market valuations. This is good news indeed, and we fully encourage a positive bias in the longer-term. There is good reason for optimism about a continuing economic recovery. The …

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