InvIT
Market basicsAlso called: Infrastructure Investment Trust
Infrastructure Investment Trust — a listed trust owning operating infrastructure such as roads, transmission lines or pipelines, distributing the income they produce.
In plain terms
Its headline yield is not comparable to a fixed deposit. A concession has a finite life, so part of that generous distribution is your own capital coming back.
Read the full lesson →Commodity cycle
Market basicsThe long boom-and-bust pattern in commodity prices driven by capacity lagging demand.
In plain terms
High prices invite new supply, which arrives late and crushes prices. Then nobody invests, and it repeats.
Read the full lesson →Disqualifiers
Risk & psychologyChecklist items that are binary — any single one failing means no position, with no weighing against strengths.
In plain terms
The part of a checklist that does the actual work. Scored items invite you to trade a weakness off against a strength, which is precisely how people talk themselves in.
Read the full lesson →Prospective hindsight
Risk & psychologyImagining an outcome as certain in order to generate more specific explanations for it.
In plain terms
“What could go wrong?” invites reassurance. “It failed — explain it” demands a mechanism.
Read the full lesson →