2015 – The Next Crisis
TheBull is pleased to present an interview between Ron Hera Research and Martin A. Armstrong, founder and former Head of Princeton Economics, Ltd. In the 1980s, Princeton Economics became the leading multinational corporate advisor with offices in Paris, London, Tokyo, Hong Kong and Sydney and in 1983 Armstrong was named by the Wall Street Journal…
If deflation hits – run for cash
Rather than inflation, if there’s one thing that investors should be worried about, it’s deflation. It’s when prices decline, asset prices fall, incomes shrink and no amount of Government stimulus can get the economic machine powering again. Deflation is regarded by economists as a curse, and if the rot sets in it can last decades….
Billionaire says middle class is being decimated
By Ron Hera, Hera Research, LLC Please find below an interview with Mexican billionaire Hugo Salinas-Price, Founder, Director and Honorary President of Grupo Elektra, which owns businesses in the television industry, the telecommunications sector, banking and financial services, and other industries. Born in 1932, Mr. Salinas-Price became a follower of Austrian economics at a young…
Why LICs Find Favour In Times Like Now
To make profits in this market you need darn good stock picking skills combined with a modicum of good luck – or else, you need a well-diversified portfolio, and listed investment companies (LICs) are one way to achieve this. They’re well diversified, cheap, and the oldest LICs have track records spanning back to the early…
Lessons from the Gurus – Peter Lynch
Of all the great investors throughout history, some feel Peter Lynch offered more simple and practical advice than any other guru. He started out as an ordinary mutual fund manager for Fidelity Investments, managing their Magellan fund. He started in 1977 and by the time he left the fund in 1990, he had achieved average…
Lessons from the Gurus – Sir John Templeton
If you search the Internet for history’s greatest investors, Sir John Templeton will surely be on the list. An American by birth, later in life he emigrated to the Bahamas and became a British citizen. In his early years he worked for a Wall Street investment firm but in 1937 he and a few colleagues…
Randomness and the Stochastic Indicator
Trivia question: who said “If you visualise a rocket going up in the air – before it can turn down, it must slow down.’ I agree, it doesn’t sound extremely profound, mostly just common sense. However, the same person added: “Stochastic measures the momentum of price. Momentum always changes direction before price.” The author is…
Discounted Cash Flow Models – The Crown Jewel of Valuation or Black Magic Alchemy
Many sophisticated share market investors hail DCF (Discounted Cash Flow) Models as the one and only way to estimate the true intrinsic value of a company. For them, it is indeed the crown jewel of valuation techniques. Other investors, most notably technical analysts, scoff at DCF models as nothing more than complex smoke and mirrors,…
Cash Flow Ratios – Tools of Choice for the Professional
Newcomers to share market investing quickly learn the near universal acclaim awarded the Price to Earnings Ratio (P/E). As a valuation ratio, it reflects the share price the market is willing to pay for each dollar in earnings the company generates. However, as those same newcomers continue their education they soon discover that the tools…
The Buy and Hold Obituary – A Skeptic’s View
In the past several weeks share markets worldwide have been on a daunting roller coaster ride with the rising price of oil and the prospect of a continuing upward price spiral. The 11 March “Days of Rage” in Saudi Arabia came and went without incident serving only to highlight the wild nature of some of…
