At the start of reporting season, investors are braced for earnings downgrades as a result of higher interest rates and consumer caution. The difficulty is determining what is already priced in.
Rule number one for veteran investor Warren Buffett is don’t lose money. His second rule is never to forget the first one. To help investors adhere to these rules, some of Australia’s leading investors shine a light on potential dangers in current markets.
These dangers are in five areas: crowded trades; expensive investments; earnings downgrades; risky business models; and popular short positions.
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Mark Draper is a financial adviser with GEM Capital Financial Advice.
