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Monthly Archives: September 2011

Investors behaving foolishly

“I can calculate the motions of the heavenly bodies, but not the madness of people.” Sir Isaac Newton, losing investor in the South Sea bubble. One suspects that Sir Isaac would be almost as delighted and amazed by what is now understood about investor behaviour as he would be by late twentieth century advances in … Read more

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RSA Retail Savings Bonds: Fixed rate or Inflation linked rate?

  Consumer Price Index (CPI)  The inflation rate refers to the changes in the prices of a representative basket of goods and services (as determined and measured by Statistics South Africa) over a twelve-month period.  Inflation is highly cyclical over time; i.e. a period of lower inflation rates is followed by a subsequent period of … Read more

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