Three of Australia’s leading fund managers explain how they are approaching investing at this late stage of the cycle. Our panellists discuss whether we’re already in a correction, their number one concern in today’s market, and they each share a stock idea from their part of the market.
- Hamish Douglass explains why Magellan is more conservative than at any time since ’08 – ’09.
- Phil King makes the case for mining and energy stocks and explains why they’ve been shorting bond proxies and “tired growth stocks.”
- Steven Ng explains why interest rates are his number one concern, and how they’ve positioned the portfolio to prepare for rising rates.
- Hamish Douglass does a deep dive into Facebook and the recent Cambridge Analytica scandal. He also discusses why the “weaponizing” of Facebook’s platform is a bigger concern than privacy issues.
- With two-thirds as many users, but four times the hours-per-user, Phil King reckons ‘if you like Facebook, you have to like Tencent’. He also shares his short thesis on a “bubble stock” that he thinks is worth close to zero.
- Steven Ng shares an ASX-listed retailer that shares many attributes with Warren Buffett’s most famous investment, See’s Candies.
- Douglass shares two stock ideas, including one that allows investors to co-invest with the world’s best private equity firm and Warren Buffett, in one of the biggest industry roll-ups the world has ever seen.
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