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

We tend to lump stocks into two camps: small and risky, but with tantalising upside, or big and boring, plodding along with dependable (but modest) returns. But that’s a false binary; there is, of course, a vast and often fertile patch between these two extremes. Not that this is news to Strawman members. But Corey Leung from WCM Investment Management makes a compelling […]

Fears over the impact of the worsening coronavirus outbreak continue to drive global markets sharply lower. And, potentially, things could get a lot worse from here. For the long term investor, it’s easy to deride such moves as mere ‘speed-bumps’ along an otherwise sure and prosperous road. Insert a Buffett quote, add a long term chart of market growth and […]

Last week I wrote about the dangers of “resulting”, and why process is more important than outcomes. It’s something I tend to bang on about because, well, I just think it’s a key to a successful and enduring investing career. But as a Strawman member pointed out to me recently, it begs the question: what actually constitutes a “good” process? For […]

We tend to judge a decision’s quality by its outcome rather than by the information available when it was made. It’s a bias professional poker player and author Annie Duke calls “resulting.” It’s an easy mistake to make, and a dangerous one. Especially in the game of investing where it’s not uncommon to see bad decisions rewarded, and good decisions punished. […]

This week, we discuss Paragon’s (ASX:PGC) profit downgrade, Nearmap’s (ASX:NEA) stellar performance and why Kip McGrath (ASX:KME) is Claude’s second largest position. Plus, Matt takes us through how he likes to prepare for earnings season, and why it matters.

The term “paradigm shift” is a bit wanky, but every now and then we do genuinely come across something that offers a wholly new way of thinking about and interacting with the world. And when they come along, or even seem to be coming along, they are something worth paying attention to.  That’s because, by their very nature, they’re going […]

We often use capital as a synonym for money in markets. We talk of capital raising, capital structure, capital adequacy… but that’s not what capital is. Not really. So, at the risk of getting a little philosophical, I wanted to frame capital in the proper context. Partly because it’s interesting, but more so because a clear conception of capital gives […]

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