Steve McCarthy

The art of long term investing appears to becoming rarer these days in a market where short term price action is the most focused upon investment input. However, we have always generated our most significant returns by holding onto our best stocks for the long term. Rather than reacting to... Show More

Steve McCarthy

Prior to buying any new positions or adding to any existing positions, we always ask ourselves 2 simple questions: i) Is this a high quality company? ii) Is this an under-valued stock? If both answers are a resounding yes we generally proceed in purchasing that stock. Whilst our approach is... Show More

Steve McCarthy

The trend in global interest rates appears to be upwards in the foreseeable future driven largely by the US Federal Reserve’s stated interest rate normalisation strategy. Whilst the Australian economy is growing at a slower rate than the US at present and may not be as suited to rising interest... Show More

Steve McCarthy

Investor psychology is arguably the biggest determinant of long term investment success, and has a greater impact upon long term investment performance than even asset allocation or stock selection. In this article we look at 6 money making secrets based upon the powerful world of behavioral finance. Show More

Steve McCarthy

Community healthcare provider Zenitas (ASX:ZNT) recently announced that it has entered into a Scheme Implementation Deed with a consortium comprising private equity investor Adamantem Capital and Liverpool Partners, an entity associated with a Zenitas director, to acquire all Zenitas shares at $1.46 per share in cash. As long term Zenitas... Show More

Steve McCarthy

We consider it important to invest within a disciplined value investing framework in order to significantly outperform the market over the long term. Importantly, value investing can be applied to both high and low growth businesses; the key is to invest when the true underlying worth of the business is... Show More

Steve McCarthy

Growth in the Australian economy in recent years has been primarily driven by the non-mining sectors. A key contributor to this growth has been the tourism sector, which is now Australia’s second largest export earner after iron ore. Here we review the small caps in this sector. Show More

Steve McCarthy

Another financial year draws to a close which presents an opportunity to look forward to the financial year ahead. We believe FY19 will involve more of the same, and some noteworthy changes. In this wire, we discuss our top 5 considerations for smaller companies’ investors who are aiming for out-performance... Show More

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