Australand: Sold

With a total return of 48% since our original Buy recommendation in January 2010, Jason Prowd explains why he’s happy to sell now and not wait for the perfect exit.

Progress is cumulative in science and engineering,’ warns Jim Grant, ‘and cyclical in finance’. Again and again, investors refuse to learn this painful lesson.

Sharemarkets are complex systems and inherently unstable. But the more distant the last crisis becomes, the more investors act like goldfish, forgetting history and repeating past mistakes, albeit slightly differently.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles