Episode 8: Macro outlook, Microcap investing & Scorecard review

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, […]

““We mostly just sit around reading, thinking and waiting.” — Stanley Druckenmiller Like all the best investing quotes, this one manages to cram a lot of wisdom into a single line. In some ways it feels obvious, but it’s also easy to overlook. Especially in an era where many seem to think success means having eight monitors hooked up to […]

Any investment that promises low risk and high returns is almost certainly a scam. It’s the financial equivalent of getting something for nothing — a fantasy that ends only in disappointment. In the real world, certainty comes at a price. And that price is lower returns. Think about it; if a largely ‘risk-free’ but high return investment were available, it would attract a […]

An informed investor is a successful investor…

I bet you heard the news this week about the China Evergrande debacle. Global markets shedding billions of dollars due to large and small investors fearful of the butterfly effect of an international behemoth in mountains of debt. China making cryptocurrencies illegal certainly didn’t help investor sentiment either, smashing crypto markets and stocks associated with them too. Volatility struck the […]

. Businesses that enjoy network effects tend to have a much greater capacity to deliver outsized returns. They aren’t especially common, but if you can find them you stand to do extremely well — even if it often feels like you are too late. At its core, a network effect describes a situation where the value of a product or service increases exponentially […]

Financial pundits tend to have a hot take on every stock and a strong view on every market turn. And the louder and more certain the opinion, the more credibility it seems to carry. If you can’t dazzle them with brilliance, baffle them with bullsh*t! Whatever you do, allow no room for uncertainty. The market’s full of folk who are […]

We all like to attribute our winners to our foresight and cunning. The losers? Well, they were the result of bad luck. The truth, of course, is that random chance — both good and bad — plays a scarily big part in shaping our investment outcomes. That’s not to say it’s all just a roll of the proverbial dice, but it pays […]