Category Archives: Geld Zug

Commentary from Arminius Directors

STOCK MARKETS ALWAYS LIVE IN THE PAST

15 Jun, 17 Way back in 1981, the writer William Gibson remarked “The future is already here – it’s just not very evenly distributed.” Investors tend to think of stock markets as predictive, but they are mostly the result of economic activity in the past. The largest sectors of a stock market are those which…
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THE PERILS OF STOCKMARKET INDICES

23rd May, 2017 Many people choose the passive approach to investing – they put their long-term money into index ETFs or index funds which mirror the standard share market indices, such as the S&P500 in the USA or the S&P/ASX200 in Australia. This is perfectly reasonable. After all, one of the greatest active investors of…
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BUYERS BEWARE OF AUSTRALIAN AND US RETAILERS!

16th May, 2017 The imminent arrival of Amazon in Australia has frightened many investors away from Australian retailers. We think that shareholders in traditional retailers should be very nervous indeed – much like the Australian media sector, the transformation of Australian retailing has barely begun. The US retailing sector is much further down the painful…
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THIS YEAR’S CHINESE TAKEAWAY

24 Mar, 2017 In 2016 Australian coal and iron ore miners enjoyed a jump in commodity prices thanks to capacity closures mandated by the Chinese government. Prices have since pulled back from their peaks, and companies such as BHP and Fortescue have warned that the current level of prices cannot be sustained. We provide an…
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