Financial services have been making headlines for all the wrong reasons in recent weeks. Following Rowena “Shock and” Orr’s public shellacking of the wealth management industry, AMP Limited has since lost almost its entire board of directors, as well as a big part of the executive team. The banks were... Show More
To paraphrase from an excellent book, The Chimp Paradox; ‘to control your inner chimp, you first have to understand him/her’. This means understanding that your brain makes decisions that are not always in your best interest and the best way to do this set rules around certain behaviours to minimize... Show More
Analysing value stocks requires a deep understanding of the underlying assets. In their responses, Nathan Bell from Peters MacGregor, Alex Shevelev from Forager Funds, and Matt Booker from Spheria Asset Management explain the importance of simplicity and a deep understanding, and share a value stock that ticks the boxes. Show More
Short-covering rallies can be quite spectacular when the short-sellers finally concede defeat. To find out which stocks the short sellers may have got wrong, we put the question to Greencape Capital, NAOS, and Market Matters. Their answers include one of most shorted stocks on the ASX. Show More
If running an effective quant screen was the only thing required to find new stocks ideas, investment success might not be as elusive as it is today. The fact is that investment idea generation is as much an art as it is a science. As Michael Hintze, Founder of $12... Show More
Self-driving cars, electric cars, artificial intelligence, virtual and augmented reality, streaming video on demand… The list of technologies threatening to improve our lives and/or take our jobs is ever-growing. Stories of failed incumbents such as Kodak, MySpace, and Yahoo are popular among investors, but in reality, incumbents are frequently successful... Show More
From its low in January to its high in July, the ASX Small Resources Index rallied a stunning 83%. It has since given back some of the gains but remains 50% up from where it started the year. Such a sudden recovery can result in very different views among analysts... Show More
Our expectations haven’t changed since the symposium. The most likely outcome we believe is that the Fed embark on a “dovish hikes” theme. The problem with increasing interest rates in the current environment is that risk markets (equities) are far more interest rate sensitive than in previous cycles. The effect... Show More
The actions of central banks have had an unprecedented impact on bond markets. The outlook for US bond yields is tied as never before to the policies of the Fed, the BoJ, and the European Central Bank (ECB). It should come as no surprise then that we have been paying... Show More
We continue to expect a December hike at the earliest while acknowledging the near-term risks have increased. Our view comes from the fact we have seen this playbook before with Fed Vice Chairman, Stanley Fischer happy to play the wild card to put some uncertainty and volatility into rate expectations.... Show More