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

With shares up more than 50% in the past few months, is there still further upside for Knosys?

Do you like highly illiquid assets that involve significant trade frictions and costs? Do you like dealing with an army of mostly useless, self-serving middlemen? Do you like assets that require extreme leverage and offer pitiful yields? Welcome to Australian property. I’m currently in the process of trying to secure a house, and I need to get a few things off […]

Join us as we chat about the wild, weird, and whacky of small cap investing, all while searching for those precious few fast-growing businesses that have a shot of becoming industry giants. You can find the full catalogue on the Baby Giants website, on Spotify, or anywhere good podcasts are found. Also, be sure to follow us on twitter. © […]

There’s a UK small-cap fund manager, now retired, called Harry Nimmo. In a recent talk for The Library of Mistakes, he gave a masterclass in small-cap investing. He knows what he’s talking about too. The fund he ran, the Aberdeen UK Smaller Companies Fund, delivered a 1,979% return over 25 years and was recognised as the second-best performing UK fund […]

As investors, we tend to spend a lot of time thinking about value. Or, at least, we should. The simple reality is that even if we buy shares in the world’s greatest business, we can still lose our shirt if we pay a stupidly high price. But what makes a price stupid? How can we possibly know what is reasonable […]

Charlie Munger once said “show me the incentive, and I’ll show you the outcome“.  A great example comes from 1860s, when the British contracted ship captains to transport convicts to our sunny shores. Back then, the survival rate of those poor souls was a miserable 40%. Human rights weren’t exactly a high priority, but most still felt that allowing 6 […]

“It’s the mark of a charlatan to try and explain simple things in complex ways, and it’s the mark of a genius to explain complicated things in simple ways.”— Naval Ravikant I don’t think many of us would disagree with Naval’s sentiment. But if we’re honest with ourselves, most of us are still drawn to sophisticated-sounding speech. Big words, technical […]

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, […]