Bulls, Bears & a Croupier: The insider's guide to profiting from the Australian stockmarket

Chapter 2: The gun investor

The last time I checked no Australian university offered a degree in sharemarket investing. Schoolkids who shoot the lights out in their final year exams might want to be professional investors, but they have to line up with everyone else because there simply isn’t a beaten path to managing other people’s money in the sharemarket. Some established investors have studied accounting or mathematics, others engineering, some medicine, and then there will be people like me, who studied economics and law. I have found over the years that no single tertiary discipline gives an individual an edge over another when it comes to making money out of shares. Peter Proksa studied to become a health inspector before eventually ...