Andrew Page wrote a new post, Identifying (Real) Value 6 months, 2 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 6 months, 3 weeks 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 7 months, 1 week 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 7 months, 2 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 7 months, 3 weeks 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 8 months 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 8 months, 1 week 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 8 months, 2 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? 9 months 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 9 months, 1 week 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 […]
Andrew Page wrote a new post, The Power of Incentives 9 months, 4 weeks ago
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 […]
Andrew Page wrote a new post, No one wins all the time 10 months, 1 week ago
Between 2019 and 2020 Warren Buffett’s Berkshire Hathaway (NYSE:BRK) underperformed the S&P500 by 37%. It was one of the poorer periods of relative performance for the Oracle of Omaha, who was “burdened” with […]
Andrew Page wrote a new post, Lessons from a 10-bagger 10 months, 1 week ago
In June of 2015, shares in Objective Corp (ASX:OCL) — a much under-recognised compounding machine that provides software to government and enterprise customers — hit $2 per share. It was a record high fo […]
Andrew Page wrote a new post, Process Pays 12 months ago
“To invest successfully does not require a stratospheric IQ, unusual business insights, or inside information,” said Buffett in a foreword to Benjamin Graham’s The Intelligent Investor.
“What’s needed is […]
Andrew Page wrote a new post, The Start Of Value 1 year ago
The concept of ‘value’ is core to investing.
At one level, it’s a relatively straightforward idea, and one we intuitively understand. As investors, we are, essentially, trying to buy assets for less than what […]
Andrew Page wrote a new post, Valuation for beginners 1 year, 1 month ago
Valuation is — or at least should be — at the core of any investment decision. Without a general idea of what a stock is ‘really’ worth, how can you know if the market is offering you good value?
Defining […]
Andrew Page wrote a new post, Property Shenanigans 1 year, 1 month ago
We’ve been a bit distracted at Strawman HQ this week due to an office relocation. More accurately, I got evicted and have been moving house.
So apologies for the radio silence on Strawman.
Having now […]
Andrew Page wrote a new post, What to look for this reporting season 1 year, 2 months ago
Reporting season is always a great opportunity to help separate the signal (business fundamentals) from the noise (share prices).
As companies start to drop their half-year results, it’s worth framing up what […]
Andrew Page wrote a new post, 2023 Market Outlook 1 year, 2 months ago
As we gear up for another year of thrills and spills on the share market, it’s hard to avoid the blitz of market forecasts that are so reliably issued at this time of year.
While it’s often interesting to hear […]
Andrew Page wrote a new post, Can companies cut their way to greatness? 1 year, 2 months ago
We’ve seen a solid start to 2023, with the market as a whole already up by more than 6%. Some of the gains in the small-cap space have been far more impressive.
Those that have enjoyed the biggest recoveries […]