Andrew Page wrote a new post, Reporting Season: What To Look For 5 months, 1 week ago
Things have been fairly quiet on the corporate news front recently, but that’s about to change in a major way as companies begin to release their quarterly and half-yearly numbers.
It’s always a challenging t […]
Andrew Page wrote a new post, Reflecting on 2023 5 months, 3 weeks ago
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 […]
Andrew Page wrote a new post, It's Not Always Management's Fault 6 months, 3 weeks ago
When a share price underperforms the market, how much of that can be blamed on management? Conversely, when prices surge higher, how much credit do the senior execs deserve?Of course, in the short run, the answer […]
Andrew Page wrote a new post, The End Of An Era: A Farewell to Charlie Munger 7 months ago
This week we lost one of the greats.
Only one month shy of his 100th birthday, legendary investor and polymath Charles Thomas Munger departed this mortal coil.
He had a rich and varied life with pursuits […]
Andrew Page wrote a new post, AI and Exponential Progress 7 months ago
If you could fold a piece of paper just 42 times, it’d be thick enough to touch the moon. Fold it 52 times further and it’d reach across the entire observable universe.
Exponentials break your brain, and th […]
Andrew Page wrote a new post, The Language Of Business 7 months, 1 week ago
Accounting may not be the most enthralling of topics, but some basic literacy here is vital if you fancy yourself a stock picker. As Buffett put it:
“You have to understand accounting and you have to u […]
Andrew Page wrote a new post, The Best Investment Approach 7 months, 2 weeks ago
There is no one ‘right’ way to invest.
Even if there were, somehow, a way to prove the superiority of a particular approach, it’s not worth much if you lack the wherewithal to execute it. And it’s not […]
Andrew Page wrote a new post, The First Rule Of Compounding 7 months, 3 weeks ago
Charlie Munger has loads of great quotes, but this one is a standout:
The first rule of compounding: never interrupt it unnecessarily Charlie Munger
The maths behind compounding is easy enough, but the […]
Andrew Page wrote a new post, Eyes Forward 8 months, 1 week ago
At bottom the ability to buy securities – particularly common stocks – successfully is the ability to look ahead accurately. Looking backward, however carefully, will not suffice, and may do more harm than good.” […]
Andrew Page wrote a new post, Is Bigger Better? 8 months, 2 weeks ago
We love our small caps here at Strawman. And not without good reason.
The trouble is, at least according to conventional wisdom, that things are far riskier in that space. Perhaps that’s true, to some extent, […]
Andrew Page wrote a new post, Identifying (Real) Value 8 months, 4 weeks ago
In a fair and just world, the only way to build wealth is to generate value for others.
If you can enhance the subjective well-being of someone — either through your direct labour or by producing a good they […]
Andrew Page wrote a new post, Dumb Questions 9 months ago
When I first started to attend company briefings, I usually came away feeling more than a little stupid. It always felt like I was accidently sat at the adults table; nodding along like an idiot and desperately […]
Andrew Page wrote a new post, Hairy Businesses 9 months, 3 weeks ago
Every business, no matter how wonderful, has a few hairs on it. And if you don’t think that’s true, it’s only because you haven’t looked hard enough.
But some hairs are, well, hairier than others.
It’s no […]
Andrew Page wrote a new post, The Rule Of Five 9 months, 4 weeks ago
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 […]
Andrew Page wrote a new post, Big Swinging Stocks 10 months, 1 week ago
When you’ve been around small-caps for a while, large daily moves aren’t unfamiliar. Much of the time, they’re best ignored.
Shares in 8common (ASX:8CO) last month spiked by 29% in a single day after the bu […]
Andrew Page wrote a new post, Profiting From Volatility 10 months, 2 weeks ago
With most companies issuing results this month, it’s a busy time for investors. And, given some of the volatility these results can induce, it’s also a period that can test your nerves.
Sometimes the market’s […]
Andrew Page wrote a new post, Renovations And Valuations 10 months, 2 weeks ago
Why is it that building or renovation cost estimates are always — and I mean always — wrong? Usually significantly so.
If you’ve ever watched shows like Grand Designs, or undertaken a bit of remodelling […]
Andrew Page wrote a new post, Investing In A Wild Future 10 months, 3 weeks ago
If you’re a technophile, there’s a fast expanding array of things to get excited about.
Synthetic biology, robotics, materials science, artificial intelligence, nanotechnology, quantum computing & (more […]
Andrew Page wrote a new post, Are The Bulls Back? 11 months, 1 week ago
You don’t need us to tell you that it’s been a tough run for small caps over the past year or so. And the harsh truth is that much of the pain was well deserved.
Things always look clearer with the benefit of […]
Andrew Page wrote a new post, Strawman Custom Index Builder 11 months, 2 weeks ago
We’re excited to reveal a new custom index builder for Strawman — one that will allow you to construct a performance index that is based on a specific subset of members.
The default Strawman Index will, of […]