From The Editor. Issue 01: A Weak Stock Market and High Interest Rates

Look closely enough, and the current market appears entirely directionless - soaring one day and (more often than not lately) crashing the next.

Stand back, however, and you'll notice that the big picture looks remarkably different. Over the long term, stock markets go up. New companies issue shares, old ones get acquired, earnings grow and new ideas create new industries and sectors.

The only true way for most people to benefit from the talents of these entrepreneurs, mining magnates, global conglomerates and monster brands is to buy a piece of their companies. And when markets sell off, those companies go on sale.

There have only been two other 'stockmarket sales' in Australia like this one in the last 50 years: one in 1974; and one in 1987. I've analysed these and produced a small two-page summary on how our present situation fits into history.

Please download the following article to find out what my father meant when he coined the term, 'Buy in gloom, sell in boom' many years ago.