Episode 7: Envirosuite, ooh Media and Rocket Lab

Last year was good to investors. The last decade even more so. And with markets at record highs there’s plenty of shareholders feeling pretty good about themselves — especially those that had any exposure to tech. But as we roll into a new solar orbit, it’s worth remembering the difference between process and outcome. The market demands a good deal […]

With shares up over 300% this year alone, has this horse already bolted?

Polynovo has enjoyed a spectacular run in 2019, with the share price rising from $0.56 at the start of the year to a high of $2.66 on the back of rising sales in the US and entry into the ASX200. But in recent weeks the share price has languished, dropping nearly 40% in just over a month. So the question […]

““We mostly just sit around reading, thinking and waiting.” — Stanley Druckenmiller Like all the best investing quotes, this one manages to cram a lot of wisdom into a single line. In some ways it feels obvious, but it’s also easy to overlook. Especially in an era where many seem to think success means having eight monitors hooked up to […]

Why is it that, despite all the benefits of technology, we’re still working as much as ever to secure a decent life? I don’t have have any groundbreaking insights, but it’s fun to ponder. Plus, it’s somewhat relevant for anyone managing their own capital, particularly if you’re looking to account for any long-term, technology driven structural shifts. Here’s my take. […]

Happy New Year Investor! We hope you managed some well-deserved time off in recent weeks, both from your usual vocation as well as with your investing. Not that we’re advocating for complacency, but it’s often useful to take a step back every now and then. Partly because it’s important to have some time for a broader reflection on your investment goals, […]

During the week I caught up on a podcast with Howard Marks and Morgan housel — two thinkers in the financial space I greatly admire. (Shoutout to Karmast for suggesting it!) The main topic was debt, and how it narrows the range of outcomes an investor can endure. And it showed how successful investing is less about brilliance and more about […]

I’ve spent a bit of time lately engaging in a losing battle with a leaky garden shed. What was supposed to be a “quick win” with a bit of silicone and a few tightened bolts has instead devolved into a multi-day saga of rusted screws, rotten wood, and a vocabulary of swear words that would make a wharfie blush. The […]