Japanese stocks have had an incredible run so far this year. The benchmark Nikkei 225 index is up 32.7% as May 1st. Compared to this, only a few of the developed indices are up by double digit percentages. The year-to-date (YTD) performance of major developed indices as of May 1st are listed below: DAX: 4.0% …
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On January 26th of this year I wrote an article discussing the stock split of Brazilian water and sewage services utility Companhia de Saneamento Basico do Estado de Sao Paulo also known as SABESP (SBS). After an incredible run in 2012, the stock was split in the ratio of 2:1 on January 24th. After the split, SBS …
The automotive industry is one of the most important industries not only in developed countries but also in emerging countries. From China to Brazil and most developing countries in between governments are encouraging the growth of this industry. The prevalence of autos is still small in most developing countries compared developed countries. Hence the potential for growth in emerging …
Continue reading ‘Comparing Light Vehicle Density in Select Countries’ »
The Financial Post has published an interesting article today on behavioral biases that investors should avoid. The author David Pett notes the following seven biases: Representativeness Familiarity Overconfidence Anchoring Attachment bias Gambler’s fallacy Herd mentality Source: 7 stock picking behaviours you should avoid, Financial Post An important bias noted in the article: Familiarity is a dangerous inclination that can thwart …
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One of the sectors that seem to perform well regardless of the state of the economy is the defense sector. For example, U.S. defense contractors have held up well despite budgets cuts. While many of the major U.S. defense companies trade on the organized exchanges none of the foreign firms are listed on them. Instead …