December to Xmas Eve was the worst month since 1931. Starting valuations hence matter, so seasonality chart is redundant. All great investors buy and holld. No one can time the market.
Good interview. Uranium co. investments are an asymmetric investment for the patient. Thanks Marcelo/Alex.
Excellent piece Roger. People should read Marathon Asset Managements letters from 1990s. Book Capital Account. Today has many similarities to the past.
Good challenging piece. Rothbard, Mises and the Austrian Economics school have a very different view on the role of money Chris & critique its application. Could be worth reading for the opposing view. Frank Shostak has some worthy papers on it.
Good piece. I would say its simple - Shire has a better drug profile & will take CSL market share. Could it well be people are not looking at Global Comps? Shire was on 9x P/E.
Cracking podcast Patrick.
Good write up. The URB:ASX LIC is worth looking at Daryl with c20% discount to NTA as per 1 March ASX release.
Gold. This is a great piece.
Cracking podcast. Well done. China has plans for c345 Nuclear Reactors (double world fleet) - Source, 2008 paper by Chinas NDRC Director Jiang titled Chinas Nuclear Power under 1.5 degree.
Awesome list. Surprised Influence didn't make it - one of your great blogs - Munger said as you know that book made him hundreds of millions
Cracking piece Matt. EPS reported (notes) was $0.20 yet with add backs is $0.23 and >83% YOY & they have not even turned the dial on price. The moat is widening.
Great piece - awesome. I would add under what to look for; 1. who has funding, 2. management, and 3. register. That would materially change the preferred portfolio in my opinion.
Great article - excellent point on Working Capital. My preference however is Z1P (Zip Co). It is 400% cheaper to APT in ratio of market cap / vendor count. Future is bright for both APT and Z1P
Very good call on Z1P - truly undervalued - will be a $1b market cap company
Very nice to see FMG being supported. It still remains the #1 Acquirer Mutiple. Many thanks to LiveWire for publishing my earlier piece on FMG
Well written, inflation is well and truly about to kick off. As a teacher of Econometrics, I mapped 50 years of commodity data and we are about to enter a new era of inflation - hope you enjoy the piece https://www.linkedin.com/pulse/commodities-forrests-fortescue-rodney-forrest/