Going \’long vol\’ and \’short vol\’

When a share market investor says that they are \’long volatility\’ or \’short volatility\’, what precisely does that mean?   Usually being \’long\’ or \’short\’ an asset means that you have bought it or sold it.  To go long BHP you would buy BHP shares. To short BHP you would borrow BHP shares and then […]

The open IPO channel

A lot of new firms listed on the Australian Securities Exchange (ASX) for the first time in 2014.  Over $16 billion of shares were sold in 60 initial public offerings of shares (IPOs).  This high value and high number of IPOs represented a re-opening of that market.  The well known graph below is taken from […]

Disrupting the oil market

What is the biggest market to be \’disrupted\’ in the last 10 years by new technology.  Is it retail markets like books and music?  Is the taxi market?  Is it the print media?  No, it is the global oil market.  New production technologies have increased the supply of oil and gas to the point where […]