Thinking in reverse

Hon. Dr Pippa Malmgren | Principalis Asset Management | 21 September 2012

To make money in the next year, you have got to think in reverse. Demand is not driving commodity prices - instead, supply shortages and hot money are. Stop thinking about catching the ever briefer rallies in the Eurozone and think about what will rally when another member country defaults and one or more exits. Stop assuming liquidity will be more valuable than genuine unimpaired cash flows. Stop betting on China and pay atte...