It is our view that concentrated portfolios offer superior risk-adjusted returns over the long term. In this piece, we put forward the rationale for a concentrated portfolio and offer a discussion on some of the existing literature on the subject. Show More
“Every year between now and 2050 the global urban population will increase at twice the rate of the global population. This will mechanically result in an outdoor audience which will continue to grow” Jean-Francois Decaux, Co-CEO, JCDecaux Show More
"We're facing a perfect storm here in the Australian agricultural market, with the dry conditions leading to a poor winter crop, an over-supply of products and increased competition across our sector. The whole agricultural supply chain is feeling the impact of this year's extremely dry conditions” Greg Hunt, CEO, Nufarm Show More
A chapter by chapter summary of The Deals of Warren Buffett Volume 1, The First $100m by Glen Arnold. The book describes the key investment lessons learnt by Warren Buffett in making his first $100m. In our view, the book covers most of the lessons an investor would ever need,... Show More
“I just want to put NIB and Bupa and Medibank Private on notice that the party's over” Bill Shorten, Party Leader, Australian Labor Party Show More
“New coal is a bad idea for New South Wales – coal needs to run most of the time to be economic, but the market needs flexibility, not baseload” Mark Collette, Executive Energy, Energy Australia Show More
“In the 2030s you will be buying airline tickets on supersonic aircraft” John Borghetti, Outgoing CEO, Virgin Australia Show More
“So much of investing these days considers only the short run that I think there’s great scope for superior active investors to make value-additive decisions concerning the long run” Howard Marks, Co-founder/Co-Chairman, Oaktree Asset Management Show More
As Baron Rothschild famously said, “buy when there’s blood in the streets.” Despite many investors being aware of this phrase, it is often ignored in practice as acting in this way during these times can feel counterintuitive. There are however, some interesting statistics from studies that support this philosophy, which... Show More
“I don't think the FANGs or the tech stocks are frothy at all. I think relative to the rest of the market never have stocks been this cheap” Julian Robertson, Founder, Tiger Management Corp Show More
“Right now, there’s no question: It’s feeling strong. I mean, if we’re in the sixth inning, we have our sluggers coming to bat right now. Right now, business is good. There’s no question about it” Warren Buffet, Chairman, Berkshire Hathaway Show More
“The price of beeswax was around about $4.50 to $5/kg and now you're looking at $20/kg, but it's very difficult to get hold of it… Every time you ring up and say 'look, I need some more beeswax' they'll say 'look, have you got any we can process and send... Show More
The Internet of Things, Big Data and Artificial Intelligence will disrupt and transform virtually every industry and area of the economy over the next decade. In just the past six months, cloud service providers have increased their capital investments significantly” Gary Dickerson, CEO, Applied Materials Show More
During our recent trip to Omaha, we met with three Berkshire CEOs and a Berkshire board member. These meetings provided great insight into how Berkshire Hathaway has become one of the most successful companies in the world. Whilst listening to Warren Buffett and Charlie Munger for six hours on the... Show More
“There have been significant delays experienced by customers receiving confirmation of bank approvals, as a consequence of the recent Banking Royal Commission, resulting in commencement of construction being delayed” Tamawood Market Announcement Show More
“The switch from traditional fuels into renewables is just a massive switch, and we're seeing it across so many different businesses that we are working with – not just our own business, but so many different businesses out there, where the energy profile they are looking at is changing as... Show More
“The shipping industry, at some point down the track, will be required to address greenhouse gas emissions” Angela Gillham, CEO, Maritime Industry Australia Show More
“The aviation market continues to be strong. Global revenue passenger kilometres grew by 5.9% through February year-to-date, with solid growth in domestic and international markets. Air freight volumes also had a strong start to 2018, growing at 7.7% through February” Jamie Miller, CFO, GE Show More
“The industry faces challenges of low credit growth, low interest rates, regulatory uncertainty, increasing consumer expectations and increased scrutiny of conduct and culture” Jon Sutton, MD, Bank of Queensland Show More
"I view our robotics as extending human capability in a way that allows us more efficiency, the automation that we add really doesn't eliminate jobs, it just makes the jobs at our fulfilment centres more efficient and redirects employees to more sophisticated tasks" Tye Brady, Chief Technologist – Amazon Robotics Show More