In prior years, when we have reviewed Warren Buffett’s annual letter to shareholders, we have noted the unique structure of Berkshire Hathaway (“Berkshire”) and stressed its importance in facilitating the self-funding of its growth. Show More
warren buffett
Over the weekend, Berkshire Hathaway released Warren Buffett’s annual letter to investors. There’s little doubt in my mind that this is the single most widely read piece of financial content in the world each year. This is now the seventh time I’ve read it at release, and roughly the 40th... Show More
The whole Livewire team is laser-focused on constantly improving your user experience, with relevant, readable content at the heart of that experience. To ensure the content keeps hitting the mark, we monitor a suite of data points. One we put a lot of weight on is the humble ‘like’ button... Show More
Over the years I've read a lot of books on investing, many of which are on, or by, the great investors. I'm constantly revisiting these books as they provide a different context to investment environments, in addition to assisting me to better understand investing and human biases. The following books... Show More
People familiar with the teachings of Warren Buffett may be unaware of his mentor, Benjamin Graham (1894-1976). Buffett attributes a significant part of his investment success to the lessons he learned from his friend and mentor. Show More
Fixed interest is a core part of any good portfolio, but just how well is the asset class understood? In this exclusive Q&A with Livewire, Jay Sivapalan, Co-Head of Australian Fixed Interest and Portfolio Manager at Janus Henderson Investors discusses the biggest theme in the market today, where he's seeing... Show More
With the 10-year US touching 3.24%, we have revisited a Buffett interview from earlier this year, discussing the impact of rising rates, as well as offering a timely reminder to stick to fundamentals during volatile times. Read on for the transcript with video. Show More
It’s rare to see investors agree on a topic, but when Livewire recently reached out to Roger Montgomery, Ben Rundle, and Jason Teh to find out which ‘super investor’ had influenced them the most, they all agreed: Charlie Munger. Perhaps this shouldn’t be so surprising, given Munger’s influence over his... Show More
Warren Buffett recently gave an interview where he reiterated his firm belief in the US economy, which justifies Berkshire Hathaway’s investment focus on quality US companies. In doing so, he emphasised the long-term investment horizon, bemoaned the focus on short-term forecasting but defended his right to receive quarterly updates. Show More
Earlier this year I reviewed my top ten investment books of all time on Livewire. My goal was to share some of the perspectives of the world’s best investors. In this wire, I summarise those reviews to identify the top five characteristics of the world's best investors, the 'Super investors'. Show More
We’ve heard a lot from investors around the world about late-cycle investing in recent times. The consensus tells us that the end of the bull market is not too far away, but not absolutely imminent. But what does the world’s greatest investor have to say on the matter? Show More
Buybacks can support stock prices by reducing share counts and boosting earnings per share, although that is no guarantee of producing a rising share price. Fundamentals such as revenues, underlying earnings trends, competitive prospects and interest rates still count for more. Show More
NAOS Asset Management attended the 2018 Berkshire Hathaway Annual Shareholders Meeting on Saturday, May 5 in Omaha, Nebraska. During the 6 hour meeting, Warren Buffett and Charlie Munger answered questions from journalists, analysts and shareholders, of which 40,000 were in attendance. Five of most important themes from the meeting in... Show More
Berkshire Hathaway held its AGM in Omaha, Nebraska in the early hours of Sunday morning local time. The annual ‘Woodstock for capitalists’ continues to draw huge crowds hoping to hear the wisdom and wit of two of the world’s great investors. Show More
Some of the red flags at Big Un were obvious. Perhaps the biggest was the change in auditor, from PKF to the highly illustrious accounting firm Rothsay Resources. And the business model was sketchy. There were “characters” involved. The stock failed the sniff test. Show More
What do Amazon, Buffett and Sydney CBD retail have in common? You know about Amazon and its potential to destroy retailers. While Amazon’s Australian launch last December was somewhat underwhelming, one could consider it a ‘soft’ launch. Whether it’s next year or next decade, odds are Amazon will get its... Show More
The latest Buffett letter was released over the weekend. At 17 pages, it was shorter than we’ve become used to, but there was no lack of wisdom flowing from the 87-year-old from Omaha. Notably absent from this year’s letter was any discussion of the Wells Fargo debacle. Buffett has a... Show More
Find out how Myer’s struggle to stay afloat, the far-reaching impact of self-driving cars, and Buffett hating Bitcoin could affect you and your investments. Show More
Many textbooks and articles tell you how successful fund managers go about analysing companies when they invest. However, what they don’t tend to disclose is that a lot of investment success is also a result of never doing certain things. Show More
In light of the notable market volatility this week, it is timely to review what the masters of the market have said on the subject. These quotes from some of the most successful investors illustrate how investing in stock markets can be a challenging yet rewarding venture, requiring strong research... Show More