In this 12-part Cadence Investing Series, we discuss several aspects of the investment process and how it actually works in practice. Topics covered include market psychology and fundamental analysis, and aim to provide the reader with a first-hand view of how financial theory stacks up in real world situations. We... Show More

Every discussion on the mining services sector should start with the concept that commodity prices go up and down based on demand and supply, and resource company profits go up or down. So, too, do those of mining services companies. Show More

Back in November 2012, we told shareholders at our AGM that we had started scaling into MQG at $24 after it hit a low around $17. The audience started laughing! Last week we held our 2017 AGM and the share price was nudging $100. Today MQG finally broke through $100. Show More

Back in November 2012, we told shareholders at our AGM that we had started scaling into MQG at $24 after it hit a low around $17. The audience started laughing! Last week we held our 2017 AGM and the share price was nudging $100. Today MQG finally broke through $100. Show More

People often refer to themselves as either “fundamental” or “technical” investors and feel so strongly about one style of investing compared to another that they engage in heated academic debates. The view at Cadence Capital is that investors should use whatever tools are at their disposal to try to beat... Show More

Currency and interest rates are currently playing a large role in the world economy, which should be no surprise because we are covering new ground in terms of record low rates and subsequent currency fluctuations. At present, 40 per cent of the developed world’s interest rates are negative. Show More

Here are my views on Cadence Capital's current top portfolio positions: Macquarie (ASX:MQG), Melbourne IT (ASX:MLB), Asciano (ASX:AIO) and Henderson Group (ASX:HGG), extracted from our latest quarterly webcast. Watch the video on our website: http://cadencecapital.com.au/karl-siegling-discusses-top-portfolio-positions-mqg-mlb-aio-hgg/ Show More

Following my article titled “Commodities: Has the trend changed?”, Cadence portfolio manager Chris Garrard looks in detail at two of our current commodity positions – a short position in Rio Tinto (RIO) and a short position in Woodside Petroleum (WPL). Read the article here: http://cadencecapital.com.au/rio-tinto-woodside-petroleum-trend-changed/ Show More

Predicting turning points in any stock is very difficult, but it's particularly difficult in resources stocks. However, once a trend has been established it tends to last for a considerable period of time. This is particularly true for cyclical stocks and industries. Read about how we deal with this set... Show More

Below is a diagram of the Macquarie Group share price over the past ten years. This period includes the GFC the period ‘post’ the GFC, the recovery from the GFC and, more recently, the growth in share price followed by a relative collapse in share price and, as we write,... Show More

Good management is clearly important… but what are the attributes of good management? Our latest article goes over what we look for in a company's management including their skill, incentives, potential conflicts of interest and the types of lies they tell: the ‘good’ lie, the ‘bad’ lie and the ‘dangerous’... Show More

Australian investors would be well served investing portions of their equity investment portfolio into global equities to take advantage of the fall in the Australian dollar, low iron ore and oil prices and falling interest rates. With these trends in mind, these are some of the domestic and global opportunities... Show More