Marcus Padley
Marcus Padley is an English-born stockbroker and writer. He currently resides in Melbourne, Australia.[1]
Padley is originally from Yorkshire, England.[1] He has a Master of Applied Finance from Macquarie University and a Bachelor of Law from Southampton University.[1]
Padley started his career in institutional stock broking in London in 1982. In 1994 he moved to Melbourne, where he worked for ABN AMRO. In 1998 he changed direction, moving into retail broking, servicing private clients. Padley felt there was a widespread ignorance about the industry, and in response in 1998 he started an email newsletter and website to educate clients and subscribers.[2]
Padley is a prominent writer and commentator on issues related to the Australian Stock market. He regularly writes for a variety of Fairfax papers and often appears as a 'talking-head' on the ABC Lateline business program. He writes a daily (user pays) stock market newsletter called Marcus Today.[3]
In the wake of the Global Financial Crisis, Padley has become known for his cautious outlook on the stockmarket.[4] He is sceptical towards the popularity of diversified portfolios, suggesting that a diversification of minds rather than stocks is more important for the average investor. He is also critical of the buy and hold mentality of share market investing, arguing that a flexible approach is required to enjoy any substantial long term share market gains.
Quotes
- " It is blind arrogance to believe an investment judgement made today- on current information- will persist in the long term. 'Set and forget' is like 'sell in May and go away'. These mantra are popular because they rhyme, not because they are right. It should be 'set and watch like a hawk' but that phrase doesn't rhyme.".[5]
References
- 1 2 3 "ABOUT US". marcustoday.com.au. Retrieved 2016-08-23.
- ↑ Padley, Marcus, Stock Market Secrets, pg 8
- ↑ When to sell your shares
- ↑ "Local market sheds $26b to hit 11-month low". 2011-08-03. Retrieved 2016-08-23.
- ↑ Padley, Marcus, Stock Market Secrets, pg 236