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Professional investors distill techniques to improve and simplify investing.

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Global investing: Is the grass really greener?

ABS data recently showed that global investing flows have overtaken those for local investing. With the ASX lagging global peers for the last decade, it’s not hard to...
Livewire Exclusive
Livewire Markets
Expert Insights

IPOs: Sorting the winners from the losers

The average return on new listings in 2017 was over 60%. Having some exposure can add to your returns, but there are plenty of landmines to avoid. Cyan is active in...
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Livewire Markets
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Where the market’s got it wrong

Expectations are critical in investing, and at no time is their importance higher than during reporting season. Even a strong result can see a stock price tumble if it...
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BXB
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Livewire Markets
Education

The Deals of Warren Buffett | A Chapter by Chapter Summary

A chapter by chapter summary of The Deals of Warren Buffett Volume 1, The First $100m by Glen Arnold. The book describes the key investment lessons learnt by Warren...
Robert Miller
NAOS Asset Management
Collections

How to identify a sustainable dividend

For the income-focussed equity investor, there are few things that strike fear into the heart more than a dividend cut. The capital losses alone can destroy years of...
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Livewire Markets
Rapid Fire

Paul Moore: Navigating the late-cycle

If you see a bloke driving a Holden Ute through Sydney with two dogs in the tray and the words 'GIANTZ' blazed on the number plate, that'll be Paul Moore the CIO of PM...
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Livewire Markets
Education

Not all information is created equal

Promises. We’ve heard our fair share from company management teams over the years. iSelect told investors that earnings before interest and tax would be $26m to $29m...
Alex Shevelev
Forager
Rapid Fire

Feast and Famine: Contrarian investing with Allan Gray

As the GFC started to unfold, Real Estate Investment Trusts (REITs) quickly fell in value, from a generous premium to just 75% of their book value. Allan Gray saw a...
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Livewire Markets
Education

Profiting and protecting from investor psychology

People often ask Steve Johnson, ‘what’s your edge? What do you do differently that allows you to outperform?’ His answer is straightforward: “we don’t have a big team,...
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Livewire Markets
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The Rules of Investing: How Alex Waislitz uncovers hidden gems

In the ‘go-go 80s’, a young Alex Waislitz worked for the legendary Australian entrepreneur, Robert Holmes á Court. Holmes á Court was Australia’s first billionaire,...
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Livewire Markets
Education

If things change… You have to change quickly too

Sitting on a >450% gain in under 20 months from one of their positions, Monash Investors not just sold out, but sold short. Simon Shields told the Livewire Live...
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Livewire Markets
Education

New Howard Marks memo: Investing without people

It’s been nearly six months since Marks’ last memo. In the absence of any major shift in global markets, he has taken the opportunity to discuss a more ‘big picture’...
Patrick Poke
Livewire Markets
Education

Charlie Aitken: The best opportunity for investors today

10 years ago, the Apple iPhone was released. Through the power of technology and population, this pocket-sized supercomputer changed the world as we know it. “You...
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Livewire Markets
Rapid Fire

Ben Griffiths: High conviction small cap investing

In March 2017 Ben Griffiths found himself in a deeply uncomfortable position. For the first time since inception 15 years ago his small cap portfolio was badly lagging...
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REH
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Livewire Markets
Education

Two standout presentations from Livewire Live

This year’s Livewire Live wrapped up last night, and as with the previous three events, there were some amazing insights and lessons for all investors, regardless of...
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Patrick Poke
Livewire Markets
Rapid Fire

The Rules of Investing: Is value dead?

When Warren Buffett first started buying businesses with ‘moats’ in the 80s, such as Coca Cola, his disciples thought he was crazy. More than 30 years later, buying...
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Livewire Markets
Education

Italian borsa back on the radar

Over the past two months Italian politics showed once more it can have more twists and turns than the mountains of the Giro. First, elections in March proved...
Alvise Peggion
Alvise Peggion
Forager Funds
Education

Investing in the right place at the right time

The following is an extract from a note that was recently sent to investors in the Montaka Global Fund. There is a famous quote attributed to Ray Kroc, the founder of...
Andrew Macken
Montaka Global Investments
Rapid Fire

The Rules of Investing: Geoff Wilson and his love affair with LICs

New LIC floats have become a regular feature on the ASX over the last few years, but it's not always been that way. Wilson Asset Management listed its first LIC in...
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Livewire Markets
Education

Fresh ideas from three market masters

In this video from the Future Generation Forum, Geoff Wilson AO from Wilson Asset Management, David Paradice from Paradice Investment Management, and Graham Hay from...
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Livewire Markets
Education

Gain today, pain tomorrow?

The best run businesses think long term. While it’s easy for management to roll out a few platitudes each quarter, talk is talk. The acid test is whether management...
Gareth Brown
Forager
Education

Meeting The Berkshire Hathaway CEOs

During our recent trip to Omaha, we met with three Berkshire CEOs and a Berkshire board member. These meetings provided great insight into how Berkshire Hathaway has...
Robert Miller
NAOS Asset Management
Expert Insights

Making sense of a high PE

Software companies often attract a very high valuation, at least at face value. Drilling down deeper into the economics of these business reveals the real value of...
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Livewire Markets
Rapid Fire

The Rules of Investing: Low-risk, high-return investing

Higher returns require higher risk and volatility… Or at least, that’s what finance theory would tell us. Is it possible to ‘have your cake and eat it too’? Burns,...
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Livewire Markets
Expert Insights

The key to being a successful investor

There’s never a dull moment as an emerging markets investor, says Rohit Chopra, Portfolio Manager at the Lazard Asset Management Emerging Markets Equity Fund. Being...
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