May 21, 2018

Rate increase | Momentum VS Fundamental investing

Why is the recent rate rise dangerous?  Because, when assessing the impact of a rate rise we should observe debt service as a product of two independent variables: the amount of debt and the interest rate imposed on that debt. 

I am beginning to think that with the exception of Warren Buffett, everyone worships at the altar of price momentum.
Nearly every commentator cites "levels."
I am so old I remember fundamental investing.

via twitter