Can you resist the temptations of quick wins when the market is on fire? Resist impatience when the market stalls or resist panic when it drops? Do you coldly underweight the dangers behind an investment that is too good to … LIRE LA SUITE →
Contango et backwardation
Les Futures (ou contrats à terme) sont des contrats financiers entre deux parties, qui scellent la transaction d’un sous-jacent (une marchandise, par exemple), à une échéance plus ou moins éloignée dans l’avenir et à un prix convenu d’avance. Ces Futures … LIRE LA SUITE →
Broken Bottles
As with alcohol, the effects of monetary expansion are initially pleasant, if not exhilarating. Economy and finance are enjoying their new cocktail together … until inflation kicks in.
At first, the party’s hosts (the financial authorities) seek to deny the … LIRE LA SUITE →
The Cauldron
The authorities’ rhetoric is that the current inflation is transitory. But how can we imagine that this phenomenon will return to normal as the excessive money printing that causes it continues? When market players understand that the situation is not … LIRE LA SUITE →
A Safe Haven
The massive printing of new dollars in the past year has set the stage for a possible dramatic rise in inflation that could cause our currency to lose much value. In such a scenario, where would the safe havens be? … LIRE LA SUITE →
The 3 Little Pigs at the Stock Exchange
While multiple indicators announce the possibility of a major and imminent stock market correction, Pascal uses the image of the 3 little pigs to explain to his friend Fred the importance of having the discipline to get prepared for the … LIRE LA SUITE →
Excessively Low Rates
The financial market is currently buying the prolonged low interest rates scenario announced by the central bank. We quickly forget, because recent history has given us several examples of a large gap between the central bank’s key rate and the … LIRE LA SUITE →
Against the Tide
Angling: what a great school! Little Colin will long remember this memorable fishing trip which not only offered him a great lesson of life for the man he will become, but also a pearl of wisdom for the investor he … LIRE LA SUITE →
A Pandemic Panic
Fear is the investor’s worst enemy, and it has always been so. Here is a historical anecdote that illustrates how this emotion can create financial disaster.… LIRE LA SUITE →