tag:blogger.com,1999:blog-4532502648309181642.post4162158346207641298..comments2024-03-12T00:17:27.452-07:00Comments on Minority Report / 少數派報告: Why Equities OutperformMichael McGaughy / 麥德安http://www.blogger.com/profile/10681507678046429348noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4532502648309181642.post-54406868485365323632015-09-07T00:35:13.211-07:002015-09-07T00:35:13.211-07:00A great premiss for the article; but I'm not s...A great premiss for the article; but I'm not sure the article itself delivered on the premiss.<br /><br />Here in Australia, (I've done a cursory, but not thorough check on the relevant stats), investing in property takes a relatively higher proportion of the 'average investor''s attention and money - relative to equities - than in the USA. So the premiss is highly relevant - whey equities rather than (in this case) property?<br /><br />But those who are in property can make an equally valid argument that it is a 'people business'. You're not actually investing in something inanimate - you're investing in, say, a location which has value because of where it is relative to dwellings, other centres of activity, and things valued by people (sucuh as sea views) and which have no value outside of this. Likewise bricks n mortar get built up, improved, renovated - by people.<br /><br />So I feel that by veering away from the question and providing a slighly 'anecdotal' answer, the original conundrum remains contested!Anonymousnoreply@blogger.com