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This time, it's different

These are the four dangerous words that you do not want to hear from financial market participants when valuations of certain assets are quite expensive.

While a dynamic financial market keeps us on our toes, a key principle of investing that does not change is to buy good assets at cheap values and sell them when they get overvalued.

DESPITE some initial geopolitical concerns, financial markets finished the month of August with the MSCI AC World index down a mere -0.1 per cent while global bonds saw returns of 0.4 per cent. The portfolio rose 0.4 per cent over the month, outperforming the simple benchmark (70 per cent global...

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