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          <time datetime="2023-09-18T11:23:34+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">September 18, 2023 11:23</time>
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              From Wagga to Wall Street. How I became a global equities investor
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  Andrew Macken, Montaka’s CIO, shares his personal journey of building a career in global equities in this insightful article.
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        Montaka Global Investments
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          <time datetime="2023-09-18T10:26:56+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">September 18, 2023 10:26</time>
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              Livewire readers share their secret stock winners (and why they bought them)
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Inspired by an article featuring billionaire stock picks, we ask Australia&#39;s most intelligent reader base to share their winning moves.
</div>

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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 compelling value is in old-world <span class="whitespace-nowrap">businesses<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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  There&#39;s lots of hype around AI, but the team at Firetrail is finding the most compelling value in old-world assets with reliable cash flows.
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            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Murdoch is joined by Nick Thomson, the Portfolio Manager at Lakehouse Capital Global Growth Fund.
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              ECB expectations, US strikes and precious metals in China
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  This week’s charts begin with futures markets’ take on ECB interest rates
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              ASX 200 to fall, S&amp;P 500 slides in worst day since August + Gold attempts a comeback
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  Get up to date on overnight market activity and the big events for the day. 
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              Long and Short Opportunities within the ASX
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  Blackwattle Investment Partners&#39; Ray David discusses the best Long and short opportunities currently on the ASX following reporting season. 
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Harvey Norman Holdings Ltd</div>
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          <time datetime="2023-09-18T06:30:06+10:00" data-controller="datetime" class="pre-header-sm lg:pre-header-md uppercase text-darkgray sm:hidden">September 18, 2023 06:30</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>Dr Philipp Hofflin predicted China&#39;s slowdown in 2019, here&#39;s what he thinks will happen <span class="whitespace-nowrap">next<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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  Revisiting Dr Hofflin&#39;s prescient 2019 prediction on China and eyeing opportunities into the future. 
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              The potential economic impact of a China shock on Australia
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  A shock to Chinese demand would mainly be borne by lower incomes, with a lower AUD a critical shock absorber.
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              The Match Out: Iron ore continues to rally, shares storm higher into the weekend
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  The daily Match Out for Friday 15 September 2023 with James Gerrish of Market Matters
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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>Bob Desmond names his &quot;forever&quot; <span class="whitespace-nowrap">stock<svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24" fill="none" id="embed_podcast" class="inline-block align-middle group-hover:underline w-6 h-4 lg:h-6 ml-2">
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  Plus, Desmond gives his thoughts on why NVIDIA may not be overpriced.
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              7 fund managers give us 19 investment ideas across Australian and global equities
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  Fund managers see a lot to like in global and Australian equities markets that fit their bottom line
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              Everything you need to know about the world&#39;s largest IPO this year
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            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Shares in the semiconductor company Arm popped 25% above their IPO price on Thursday. Does it have more legs to run or is it all hype?
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              US CPI y/y spikes to 3.7%, ECB raises rates to the highest level since 2001
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              Why this fundie is overweight lithium, underweight iron ore
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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 economy has a sniffle, but Fidelity sees <span class="whitespace-nowrap">opportunity<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">
  A muted reporting season might raise concerns for the Australian economy, but Fidelity&#39;s Casey McLean sees opportunities ahead.
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              Why Europe offers an attractive mix of quality and value
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  In this piece, we highlight some interesting themes and observations from the trip that support our ongoing overweight to Europe 
</div>

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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>&quot;There isn&#39;t an Aussie fund manager who&#39;s not buying this stock right <span class="whitespace-nowrap">now&quot;<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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<path d="M9.12598 12.0009L14.876 8.73094L9.12598 5.46094V12.0009Z" fill="#19202D" stroke="current" stroke-linecap="round" stroke-linejoin="round" id="play_icon"></path>
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            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  Passive investing has had its time in the sun. It&#39;s a stock picker&#39;s market now
</div>

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</a>      </div>
        <div class="pt-4 pb-4 sm:hidden">
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      <div class="p-4 flex group">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">LIFE360 Inc</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:360</div>
        </div>
      </div>
</a>    <div class="px-4 mt-0.5">
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        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-2231">
            Followed by<span class="font-bold text-gray-700"> 937 </span>people
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Audinate Group Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:AD8</div>
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</a>    <div class="px-4 mt-0.5">
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            Followed by<span class="font-bold text-gray-700"> 1091 </span>people
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  class="follow-stock-code-201-stock-code-tooltip-hovercard"
  data-load-engagement-count-target="follow"
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  <a aria-label="C79" data-controller="event" data-event-name-value="link_click" data-event-id-value="56969" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-c79">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Chrysos Corporation Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:C79</div>
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      </div>
</a>    <div class="px-4 mt-0.5">
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        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-3113">
            Followed by<span class="font-bold text-gray-700"> 30 </span>people
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  class="follow-stock-code-3113-stock-code-tooltip-hovercard"
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      +9
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    <div data-controller="tooltip">
  <a aria-label="360" data-controller="event" data-event-name-value="link_click" data-event-id-value="56969" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-360">
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      <div class="p-4 flex group">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">LIFE360 Inc</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:360</div>
        </div>
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</a>    <div class="px-4 mt-0.5">
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            Followed by<span class="font-bold text-gray-700"> 937 </span>people
        </div>
          <div 
  class="follow-stock-code-2231-stock-code-tooltip-hovercard"
  data-load-engagement-count-target="follow"
  data-followable-type="stock_code"
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    <span class="text-bold-md">AD8</span>
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</a>  <div class="hidden" data-tooltip-target="content">
    <div class="w-80 rounded-md overflow-hidden shadow-horver-card border border-light">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Audinate Group Ltd</div>
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        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-201">
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          <div 
  class="follow-stock-code-201-stock-code-tooltip-hovercard"
  data-load-engagement-count-target="follow"
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  <a aria-label="C79" data-controller="event" data-event-name-value="link_click" data-event-id-value="56969" data-event-statisticable-value="wire" data-event-custom-data-value="{&quot;section&quot;:&quot;stock_code_tags&quot;}" href="/stock_codes/asx-c79">
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Chrysos Corporation Ltd</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Commonwealth Bank of Australia</div>
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          <div class="text-heavy-17 text-body truncate truncate-two-lines break-words group-hover:underline ">Cettire Ltd</div>
            <div class=" text-darkestgray truncate font-sans leading-4 font-semibold capitalize text-heavy-md">ASX:CTT</div>
        </div>
      </div>
</a>    <div class="px-4 mt-0.5">
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        <div class="flex-grow text-darkestgray text-bold-sm" id="followed-count-stock_code-2726">
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              This bear market rally peaked in July
            </h2>
            <div id="wire-summary" class="paragraph-sm text-darkestgray break-word mt-2 sm:paragraph-xs lg:paragraph-lg">
  US and global markets are transitioning from bullish to bearish as households run out of savings
</div>

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        Fat Tail Investment Research
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