Trade Notes: Start Trawling for Macquarie Assets Disposals?

Source: Wilkinson Architects

Hard assets that pay reliable income are a pretty good idea at the best of times — especially if you’re not the greedy kind of investor — but right now, they are a bloody good idea.  Gross and El-Erian’s “new normal” predicates the ownership of real assets with stable and secure income.  Factor in the possibility of Renee Haugeruud’s “inverse stagflation” entailing under-performing traditional paper assets — like stocks & bonds — and soaring real asset values and you get the picture. Continue reading “Trade Notes: Start Trawling for Macquarie Assets Disposals?”

Investment Strategy: Could you use Taleb’s Anti-Fragility in a Portfolio?

Nassim Nicholas Taleb
Image via Wikipedia

Nassim Taleb of “Black Swan” fame is now talking about “antifragility.”  According to the Buttonwood column, Taleb thinks that:

some systems actually benefit from shocks; a kind of opposite of the black swan idea for which he is best known.  Taleb’s argument is that nature is brilliant at design. “Evolution doesn’t forecast” he says, unlike economists and finance professors.  It is shocks, changes in climate or the availability of food, that cause new species to emerge.  Nature also builds in a fair degree of redundancy into the system to guard against shocks – we have two lungs and two kidneys for example. Nature doesn’t try to optimise. Continue reading “Investment Strategy: Could you use Taleb’s Anti-Fragility in a Portfolio?”