Episode 11: Audinate, Volpara, Dicker Data, locality Planning and listener mailbag

The major market indices may still be hovering near all-time highs, but below the surface, there are more than a few stocks doing it tough. As highlighted recently, it’s mainly tech stocks that are bearing the brunt of investor pessimism, with concerns over AI-driven disruption knocking some former high-flyers down a peg or two. As a group, measured by the […]

How to think about volatility

Ben Hunt, former hedge fund manager and creator of Epsilon Theory, once wrote that a bet is a tax on bullshit. It is a sharp and accurate reminder that opinions are free, narratives are endless and forecasts cost nothing to produce. Talk demands nothing. A bet, however, demands everything. It requires sacrifice. It forces you to risk something you value […]

Everyone loves to talk about being a “long-term investor.” It almost sounds noble, and certainly a far wiser pursuit than the degeneracies of trading. Not without good reason, either. When your focus is beyond the immediate future you allow time for compounding to do it’s thing, and you’re less likely to be shaken out by volatility. When you find a great […]

Kiwi accounting disruptor Xero (ASX:XRO) is undoubtedly one of the more remarkable ASX success stories. Had you invested in the company when it first listed on the Aussie bourse back in late 2012, your shares would today be worth more than 13 times as much. Heck, even if you’d bought at the start of this year you’d have gained around […]

When it comes to business success, growth is often seen as the ultimate goal. Increasing revenues, expanding market share, entering new markets — these are the metrics by which many companies measure their progress. But as renowned strategy expert Michael Porter argues in his influential Harvard Business Review article “What Is Strategy?”, the pursuit of growth can often undermine the […]

What can investors learn from a 1200% gain?

Most people think of capitalism as a system about markets, competition, or even greed. But at its core, capitalism is about capital — specifically, the accumulation of tools that help us make more things, better things, and new things. Money is capital, but capital isn’t just money. The terms are often used interchangeably, but money is capital in the sense […]