High on uncertainly low on risk, a classic Dhandho investment.
“Wall Street sometimes gets confused between risk and uncertainty, and you can profit handsomely from that confusion. The Street hates uncertainty, and it demonstrates that hate by collapsing the quoted stock price of the underlying business.”

It is entirely possible for individual investors to beat the market. It is not easy and may seem daunting, but by concentrating on your strengths you’ll find a way to consistently beat the market.

If the NBN doesn’t work out there’s still plenty of scope for any good news to send Telstra’s shares higher. The Telstra share price reflects the worst outcome .

I attended the first creditors meeting last week. There was a lot of media and emotion on show.
Most things are a lot clearer to me now and I clearly did not understand what was going on prior to the meeting.
Here is the presentation from GSL first creditors meeting, it is certainly worth looking through. The Ferrier Hodgson site for GSL is a good place to keep an eye on. They will be doing weekly(ish) updates. Ferrier Hodgson are the administrators appointed by GSL. They are playing second fiddle to the receivers, McGrathNicol, who were appointed by the secured creditors.

While Buffett said start with the A’s, I prefer to start my research with stocks hitting their yearly lows. With around 1200 Australian listed companies, it may take me a few years to get to know each and every one.