Beware Your Unconscious Biases 
There is no shortage of people declaring ‘how to invest’. By contrast cautionary tales on what to avoid are fairly rare; that’s what makes them refreshing.

Interest rates are rising. The Australian government 10-year bond has more than doubled from 1.2% last August to the current 3%. However, for context, this directional change comes a full forty years after rates peaked at 16.4% in early 1982. Investment markets have enjoyed the tailwind of generally falling rates for a long time, and many participants in the world financial markets have never experienced rising rates in their entire investing career.

‘Would You Mind Explaining That?’ 
Asked Damien who recalled that the last time he’d faced ratios was at school and in his first year at university.