Episode 10: Australian property, selling Class and buying Webjet

Value, or value trap?

Is now a good time to buy?

Charlie Munger has loads of great quotes, but this one is a standout: The first rule of compounding: never interrupt it unnecessarily Charlie Munger The maths behind compounding is easy enough, but the intuition is anything but. If you can find an investment that compounds at 20% per annum, the gain you make in year 10 is greater than the total […]

Babe Ruth is one of baseball’s greatest players, but he also led the league in strikeouts. Over his career, he walked back to the dugout about one in every eight times he stepped up to the plate. And yet, he’s remembered as the GOAT. Why? Because when his bat did connect, it often left the park. 714 times, to be exact. […]

Consisting of over 2100 individual companies, the Australian share market has a few interesting features. One of the first things a curious investor might notice is the significance of the major banks. There are only 21 businesses on the ASX classified (loosely) as banks, but the ‘Big 4’ — CBA, NAB, ANZ and Westpac — are the clear standouts. Combined, […]

It wasn’t a great week for the market, with the All Ordinaries dropping a further 3% from its August all-time high. And there’s plenty of reasons to be nervous.  The US Federal Reserve is winding back stimulus and signalling higher lending costs. China — our largest trading partner — is facing a potential credit squeeze and property market slump, while trade […]

Over the past few months I’ve had the privilege of giving a series of talks at the Financial Services Institute of Australasia — or FINSIA, for short. Targeted at private investors at the start of their journey, the series aimed to give attendees a solid grounding in the core aspects of share market investing. Free from jargon, and leaning heavily […]

A world class deposit and rising production put Pilbara on a sound footing