Monthly Archives: April 2016

The Future of the Wallet

When is the last time you wrote a cheque? If you are under 25 years old, probably never. In fact, the word ‘cheque’ is not even recognized by the WordPress spellchecker that I use while writing blog posts. Yet when you use a bank machine you usually press the ‘checking account’ option when withdrawing cash. ‘Checking accounts’ are an anachronism – technology has long since made them unnecessary. The wallet is next on the hit list:

LINK: WALLET

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You Are Not Entitled to Demand, or How to Run a Successful Garage Sale…

In this brief post, Seth Godin hits the nail on the head: “nothing works without demand”.

LINK: Supply & Demand

The fact that you have something does not make it desirable. You have to find a way for someone to want to buy it. That is why billions are spent on advertising.

I do, however, take issue with his comments on garage sales. They can be the very epitome of capitalism and demand fabrication.

garage sales

A ‘garage sale’ is when you round up items that you no longer find necessary and put them on display on your front lawn in an attempt to sell them to passers by. They are called ‘garage sales’, because most of the items tended to be relegated to the garage before being mercifully put up for sale.

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Most Investors Think They Are Contrarians

Here’s a link to a great article from Morgan Housel @ The Motley Fool about how investors tend to perceive themselves:

LINK: Everyone Thinks They Are Different

I would only partially agree that “contrarianism is the key to huge outperformance”. The size of your allocation is of paramount importance as well. At the end of the day, the market doesn’t care about your style or your philosophy. What matters is whether you win or lose, and if you live to fight another day. There are no ‘beautiful losers’ in this great endeavor – contrarian or not.

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David Rosenberg on Yellen’s ‘Uncertainty’

In this link, eminent economist and market strategist David Rosenberg highlights many of the issues that are currently contributing to ‘uncertainty’ in world markets:

David Rosenberg on Yellen’s ‘Uncertainty’

For the sake of clarity, ‘uncertainty’ generally means ‘pessimism’ when used by economists. However, they should not be confused as one and the same thing.

Rosenberg lists off a number of topics that contribute to a sentiment of pessimism. Unfortunately, his argument is far too one-sided. He concludes his diatribe as follows:

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