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Player;686249]Always interested in your perspective, IV. Thanks for that. No my super is just left in industry based superannuation on a 'balanced' setting. Its my last line of defence, hopefully i will never actually need it. I rarely look at it (like maybe every few years:eek:). ...

Interesting post Player, lots of issues to reflect on. My take, the market is in a massive tug of war, old themes getting tested with new, a low interest environment is conductive of greed, but its tempered by fragile markets whereby investors (generic term, not my term) shoot first ask...

Yes you are correct in that only opinions can be created, because a shareholder is generally not an 'insider'. But this doesnt mean those opinions created will have a random chance of being correct. Its a bit like running an insurance company. Some insurance companies tend to be more...

In the short term i agree with you, and i think the 'non-business ownership' influence is increasing. Over the longer term the market eventually prices the share within a correct range. But herein lies one of the keys in my opinion, which do you want: short term out performance or long...

i deliberately used Japan as an example just because the long term returns have been sooo p**ssy. Trying to get a feel for dollar cost averaging in such an environment over the long term (together with dividend reinvestment).

I suggest reading David Dreman's 'Contrarian Investment Strategies', if someone is serious about this approach. The statistical research supports the theory, but only through multiple cycles and only with massive diversification (ie you dont run a concentrated portfolio). Refer...

Personally i think that if a book can just 'fundamentally change your investment beliefs' then there is the possibility that you lacked conviction in your own beliefs in the first place. Now i am probably going to get flammed for this comment, but sit back and reflect for a moment...