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            <a class="pre-header-sm lg:pre-header-md uppercase text-primary hover:underline" href="/expert-insights">Expert Insights</a>

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          <time datetime="2018-08-07T10:17:52+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 07, 2018 10:17</time>
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>IPOs: Sorting the winners from the <span class="whitespace-nowrap">losers<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  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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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Motorcycle Holdings Ltd</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Marley Spoon Se</div>
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    <div class="h-0 w-full flex justify-center">
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    <div data-controller="tooltip">
  <a aria-label="MTO" data-controller="event" data-event-name-value="link_click" data-event-id-value="39162" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-mto">
    <div
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Motorcycle Holdings Ltd</div>
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    <div
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  <div class="flex items-center gap-2">
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    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="2126" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-vea">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Viva Energy Group Ltd</div>
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</a>    <div class="px-4 mt-0.5">
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              Loss of franking credits is a game changer 
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          <time datetime="2018-08-07T08:56:12+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 07, 2018 08:56</time>
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  Subsequent to our August 2018 Initiation, Middle Island has made significant progress at it&#39;s 537,000oz Sandstone Gold Project in WA. The Company is taking a staged,...
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          <time datetime="2018-08-07T08:11:25+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 07, 2018 08:11</time>
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              Retail property Armageddon
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  Everyone shops on the Internet these days, don’t they? That’s why Armageddon looms for retailers and therefore investors in retail property. If you’re looking for a...
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  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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              The lost decade for Small Caps?
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  Real estate agents rarely say that property is not a great investment and small cap managers tend to highlight the benefits of investing today in smaller companies...
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          <time datetime="2018-08-06T16:21:47+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 06, 2018 16:21</time>
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              Sellers’ expectations need to adjust 
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        Cobden &amp; Hayson 
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  When the reboot of the TV sitcom Roseanne briefly graced our screens earlier this year, before its ignominious exit, it featured something that made me sit up and take...
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        Pitt Street Research and NDF Research
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              Tech trillionaire
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  It was another positive week for global stocks underpinned by strong US earnings and benign US wages that together again more than outweighed any concerns arising from...
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>The bigger picture for <span class="whitespace-nowrap">Tesla<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  Tesla shares have bounced back toward all-time highs to put them up 17-fold over eight years. While debate rages over the balance sheet and the delivery of the Model...
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        <time datetime="2018-08-06T11:33:19+10:00" data-controller="datetime" class="hidden sm:block sm:flex-none order-1 w-36 uppercase pre-header-sm lg:pre-header-md text-darkgray">August 06, 2018 11:33</time>
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          <time datetime="2018-08-06T09:34:53+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 06, 2018 09:34</time>
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            <h2 class="mt-2 headline-md lg:headline-xl lg:group-hover:underline sm:max-w-full ">
              Big versus Small Company Investing
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  Over the past twelve months small companies (as measured by the ASX’s Small Ordinaries) have returned 22%, outperforming large caps (ASX Top 100) by almost 10%. This...
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">AMP Ltd</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">ANZ Group Holdings Ltd</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Ainsworth Game Technology Ltd</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">AMP Ltd</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">ANZ Group Holdings Ltd</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">AFTERPAY LIMITED</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">BHP Group Ltd</div>
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            Followed by<span class="font-bold text-gray-700"> 2388 </span>people
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      +21
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        Atlas Funds Management
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          <time datetime="2018-08-06T08:56:07+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 06, 2018 08:56</time>
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              Grassroots Tour of India - Day 1
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  India Avenue conducted its inaugural Grassroots Tour of India over 3 days from March 11th to the 14th. The tour included nine delegates from Australia and the Pacific...
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          <time datetime="2018-08-06T07:00:11+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 06, 2018 07:00</time>
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              Mean aversion – why you should own only the very best businesses
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  Business profitability does not revert to the mean. The opposite is true, but only for the best, most profitable businesses. Aversion to the mean is asymmetric. Why?...
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              <span class="wire_title_component w-full block group-hover:underline"><span data-controller="logged-in-class" data-logged-in-class-logged-in-class-value="hidden"></span>A change in leadership on the <span class="whitespace-nowrap">ASX<svg xmlns="http://www.w3.org/2000/svg" width="24" height="18" viewBox="0 0 24 18" fill="none" stroke="currentColor" id="embed_video" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  As reporting season ramps up, there’s a change in leadership underway in mining services says Simon Shields, Principal at Monash Investors Limited. Recently, mining...
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  As Peter Lynch once famously said “You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t...
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        Westpac Bank
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          <time datetime="2018-08-03T14:48:32+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">August 03, 2018 14:48</time>
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              Great Boulder (GBR) Round One to GBR - Massive Sulphides + nickel and copper host rocks (+25%)
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  GBR are looking for the Nickel rich feeder system to Mt Venn. As written about previously, the exploration model is that the Eastern Mafic may host the early stage,...
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        Alpine Capital
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  data-options="{&quot;custom_data&quot;:{&quot;section&quot;:&quot;stock_code_tooltip&quot;},&quot;style&quot;:&quot;hovercard&quot;}"
></div>

      </div>
    </div>
  </div>
</div>

    <div class="h-0 w-full flex justify-center">
      <div class="border-6 border-tooltipDownArrowLight"></div>
    </div>
  </div>
</div>

</div>

        </div>
        <div class="pt-4 pb-4 lg:pb-2 hidden sm:block">
          <div class="flex gap-2">
    <div data-controller="tooltip">
  <a aria-label="RMD" data-controller="event" data-event-name-value="link_click" data-event-id-value="39141" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-rmd">
    <div
  class="lw-badge rounded-2xl  md"
  
  
>
  <div class="flex items-center gap-2">
    <span class="text-bold-md">RMD</span>
  </div>
</div>

</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
  <div>
    <a data-controller="event" data-event-name-value="link_click" data-event-id-value="1707" data-event-statisticable-value="stock_code" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tooltip&quot;}" href="/stock_codes/asx-rmd">
      <div class="p-4 flex group">
        <div class="flex flex-col">
          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Resmed Inc</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:RMD</div>
        </div>
      </div>
</a>    <div class="px-4 mt-0.5">
      <div class="flex items-center py-4 border-t border-light">
        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-1707">
            Followed by<span class="font-bold text-gray-700"> 640 </span>people
        </div>
          <div 
  class="follow-stock-code-1707-stock-code-tooltip-hovercard"
  data-load-engagement-count-target="follow"
  data-followable-type="stock_code"
  data-followable-id="1707"
  data-options="{&quot;custom_data&quot;:{&quot;section&quot;:&quot;stock_code_tooltip&quot;},&quot;style&quot;:&quot;hovercard&quot;}"
></div>

      </div>
    </div>
  </div>
</div>

    <div class="h-0 w-full flex justify-center">
      <div class="border-6 border-tooltipDownArrowLight"></div>
    </div>
  </div>
</div>

</div>

        </div>
      <div class="lg:flex lg:items-center clear-both">
        <div class="mt-2 lg:mt-4">
          <div class="flex items-center">
    <div class="mr-2">
        <a data-controller="event" data-event-name-value="link_click" data-event-id-value="20090" data-event-statisticable-value="profile" data-event-custom-data-value="{&quot;position&quot;:21340,&quot;section&quot;:&quot;latest_feed&quot;}" data-event-ga-category-value="Homepage Latest Feed" data-event-ga-action-value="link_click" href="/contributors/michael-wayne">
            <picture style="">
    <source type="image/webp" srcset="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBbFRhIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--ffcc56340fbef60cfba512083525c480fc623002/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBPZ2wzWldKd09oTnlaWE5wZW1WZmRHOWZabWxzYkZzSGFRSElhUUhJIiwiZXhwIjpudWxsLCJwdXIiOiJ2YXJpYXRpb24ifX0=--1fd30fd39e489c8cda41fffd3d21b2be931eb227/Capture.PNG" />
  <img
    class="h-10 w-10 rounded-full bg-white overflow-hidden"
    src="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBbFRhIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--ffcc56340fbef60cfba512083525c480fc623002/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJVUU1SEJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--cf9f3686d4aef3658692e373bc7d29074ec5c57d/Capture.PNG"
    srcset="https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBbFRhIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--ffcc56340fbef60cfba512083525c480fc623002/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJVUU1SEJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--cf9f3686d4aef3658692e373bc7d29074ec5c57d/Capture.PNG, https://www.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBbFRhIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--ffcc56340fbef60cfba512083525c480fc623002/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJVUU1SEJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--cf9f3686d4aef3658692e373bc7d29074ec5c57d/Capture.PNG 2x"
    alt="Michael Wayne"
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</picture>
</a>    </div>
  <div id="profile-link" class="text-heavy-sm md:text-heavy-md text-darkestgray">
    <div>
        <span class="profile-name-hover-container" data-controller="event tooltip" data-event-name-value="contributor_hover_view" data-event-id-value="20090" data-event-statisticable-value="profile" data-event-custom-data-value="{}" data-event-event-value="mouseover" data-tooltip-url-value="/hotwired/hovercards/20090/contributor">
          <a class="hover:underline mr-1" data-controller="event" data-event-name-value="link_click" data-event-view-name-value="summarized_longform_wire_view" data-event-id-value="20090" data-event-statisticable-value="profile" data-event-custom-data-value="{&quot;position&quot;:21340,&quot;section&quot;:&quot;latest_feed&quot;}" data-event-ga-category-value="Homepage Latest Feed" data-event-ga-action-value="link_click" href="/contributors/michael-wayne">Michael Wayne</a>
</span>    </div>
      <div>
        Medallion Financial Group
      </div>
  </div>
</div>

        </div>
        <div class="hidden lg:block lg:mt-4 mx-4 w-1 h-4 border-l border-gray-300"></div>
        <div class="mt-4 flex items-center text-heavy-sm md:text-heavy-md text-darkestgray">
          <div class="flex items-center mr-4">
            <div id="wire-listing-like-39141" data-load-engagement-count-target="like" data-wire-id="39141" data-position="21340">
                <button
  class="lw-button tertiary_gray xs icon-only "
  
  data-turbo-stream-url-value="/hotwired/likes/39141/wire/21340/like"
  data-controller="
    event 
     
    
    
    turbo-stream 
  "
  data-controller="event turbo-stream " data-event-name-value="like_clicked" data-event-view-name-value="" data-event-id-value="39141" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;position&quot;:21340,&quot;section&quot;:&quot;latest_feed&quot;}" data-event-ga-category-value="latest_feed" data-event-ga-action-value="like_clicked" data-event-ga-label-value="" data-turbo-stream-method-value="post"
  
  
  aria-label=home_like
  
  
  
>
  <svg class="home_like">
  <use xlink:href="#home_like"></use>
</svg>

  
  
  
</button>


</div>            <div class="flex items-center ml-1">
              <div id="comment-link-39141" data-load-engagement-count-target="comment" data-wire-id="39141" data-position="21340">
    <a
  class="lw-button tertiary_gray xs icon-only "
  href="/wires/resmed-our-3-key-takeaways#comment_body"
  
  data-controller="
    event 
     
    
    
     
  "
  data-controller="event" data-event-name-value="wire_comment_click" data-event-view-name-value="" data-event-id-value="39141" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;position&quot;:21340,&quot;section&quot;:&quot;latest_feed&quot;}" data-event-ga-category-value="latest_feed" data-event-ga-action-value="wire_comment_click" data-event-ga-label-value=""
  
  
  aria-label=comment
  
  
  
>
  <svg class="home_comment">
  <use xlink:href="#home_comment"></use>
</svg>

  
  
  
</a>

</div>
            </div>
            <div id="wire-listing-stats-39141" data-load-engagement-count-style-value="listing" data-load-engagement-count-target="stats" data-wire-id="39141" data-position="21340" data-style="listing" data-device-type="desktop"></div>
          </div>
        </div>
      </div>
    </div>
    <div class="flex flex-row-reverse">
        <time datetime="2018-08-03T13:26:22+10:00" data-controller="datetime" class="hidden sm:block sm:flex-none order-1 w-36 uppercase pre-header-sm lg:pre-header-md text-darkgray">August 03, 2018 13:26</time>
    </div>
</div>


      </div>
    </div>
</div>

  </div>
</template></turbo-stream>
  <turbo-stream action="update" target="pagination"><template>
    <a rel="next" href="/hotwired/feeds/latest?cache_prefix=latest_wire&amp;cursor=2018-08-03+13%3A26%3A22+%2B1000&amp;last_position=21340"></a>
</template></turbo-stream>
