3 wires you should read this weekend

Patrick Poke

Livewire Markets

If you enjoyed FNArena’s first reporting season monitor, you’ll be glad to know they’ve provided a finalised version post-reporting season.  (VIEW LINK)

1) Subjectively, the last 3 years have not felt like an economic recovery to me; now I understand why. The commonly quoted real GDP number is what most commentators watch, but Sam Ferraro from Evidente explains why we should be paying more attention to the nominal GDP. So what’s it telling us? Nothing good, that’s for sure.  (VIEW LINK)

2) I love reading Warren Buffett’s annual letter to Berkshire Hathaway shareholders. At 30 pages long, it can be a tad intimidating for many readers. Thankfully, Nathan Bell from Peters MacGregor has pulled together some key point and quotes with us. If you’ve ever wanted to own a piece of Berkshire, this is a great place to start. One angle that I found interesting was the idea of using Berkshire in place of an ETF.  (VIEW LINK)

3) The question on many investors’ minds following the recent Woolworths results has been “is this the bottom?” Morphic Asset Management answered this with an emphatic “no”. I like some detail when reading an analysis of company results, far too many analyses just regurgitate the company press releases. The Morphic team have definitely given some detail here, covering off 8 key points from the results, and finishing it off with a call that oozes conviction.  (VIEW LINK)

This week’s bonus content sticks with the reporting season theme. We caught up with Ben Rundle from NAOS, and Don Williams from Platypus, to see what their views were following the end of reporting season. Get it while it’s hot:  (VIEW LINK)

We hope you enjoyed Livewire this week, and as always, good luck in the markets next week.


1 stock mentioned

Patrick Poke
Managing Editor
Livewire Markets

Patrick was one of Livewire’s first employees, joining in 2015 after nearly a decade working in insurance, superannuation, and retail banking. He is passionate about investing, with a particular interest in Australian small-caps.

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