Episode 7: Envirosuite, ooh Media and Rocket Lab

It’s remarkable how many sacred cows there are in economics. Concepts that are, for some reason, beyond scrutiny. But dig beneath the surface, and you start to see how absurd many ‘fundamental’ concepts are. Which is a worry when you consider many form the basis of a lot of important policy decisions. Take GDP for example, which measures the total […]

A decent first quarter has helped push shares higher

I’ve had a tough time of late with my home broadband provider, Optus. The details are too painful (and boring) to recount, but let’s just say that after 10 days without internet, I’ve learned the true meaning of “on hold.” Rather than scream into the void, I decided to channel my rage productively: digging into Optus’s financials. If it sucks […]

So I’m long Bitcoin. It’s a bit uncomfortable to admit, because there’s such wide scepticism concerning crypto among a lot of smart people. And it’s hard to deny there’s a huge amount of hype and speculation surrounding the whole affair. I’m sure a lot of people will get burnt. Back in 2017 when Bitcoin first came to global attention, I […]

This company is the world leader in its chosen field, with daylight between it and its nearest competitor. Moreover, the industry itself is growing rapidly and the company in question has so far only captured less than 20% of the addressable market. Sales have been growing at a double-digit rate, …

Over the long run, the main driver of share price is earnings per share (EPS). If, for example, EPS has grown at 10% annually over a decade, you can be reasonably confident that the share price will show a similar appreciation. Consider REA Group (ASX:REA), whose per share earnings compounded at an average annual rate of 27% between 2004 and 2023 (yes, it’s […]

There’s an old (and quite unscientific) investment principle called the ‘rule of five‘ which states that for every five stocks in your portfolio, one will significantly outperform the market, three will more or less match it, and one will…well, it’ll suck. Badly. Overall, that makes the whole business of portfolio management seem rather futile. If the end result is pretty much a wash, […]

…or are we already there?

It’s remarkable how many sacred cows there are in economics. Concepts that are, for some reason, beyond scrutiny. But dig beneath the surface, and you start to see how absurd many ‘fundamental’ concepts are. Which is a worry when you consider many form the basis of a lot of important policy decisions. Take GDP for example, which measures the total […]

A decent first quarter has helped push shares higher

I’ve had a tough time of late with my home broadband provider, Optus. The details are too painful (and boring) to recount, but let’s just say that after 10 days without internet, I’ve learned the true meaning of “on hold.” Rather than scream into the void, I decided to channel my rage productively: digging into Optus’s financials. If it sucks […]