The Rules of Investing
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The Rules of Investing: How to make money in small caps
After a rough start to the year, smaller companies had a stellar run in the back half that has once again shone light on the smaller end of the market. With nearly 20 years' experience running a small cap mandate, Rob Frost from OC Funds has seen this kind of thing before. In our first podcast for the new season, Livewire Editor, Patrick Poke, sat down to learn about small cap investing. Is it more important to pick the right themes, or the right stocks? What's more important, growth, or...
The Rules of Investing - Global tech giants
Disruption is everywhere these days. Whether it’s Amazon and Kogan disrupting traditional retail, Facebook and Google disrupting print and television advertising, or Netflix disrupting pay TV, it’s impossible to avoid. Incumbents face the dilemma of disruption: adapt to new ways and risk hurting their existing business, or stick to their existing model and risk becoming redundant in an ever-changing world. At the forefront of digital disruption are the global tech giants; Amazon, Baidu,...
A correction, not a crash
In the first podcast for 2018, Livewire Editor, Patrick Poke, sits down with Dr Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital. The topic at hand is Australia: the share market, the economy, wages, and of course, house prices. They discuss UBS's report late last year that "Australia's 55-year housing boom has come to an end." Is this hyperbole, or is there a nugget of truth? Oliver says that while a crash is oversold, he expects to see a fall of 5-10% in capital...
The Rules of Investing: The VC's perspective
In Livewire's final podcast for 2017, Livewire's Co-Founder and Managing Director, Tom McKay, sits down with Niki Scevak, Partner and Co-founder of Blackbird Ventures, one of Australia's most successful VC firms. With a keen interest in public markets and the teachings of Munger and Buffett, Niki provides a unique perspective on VC investing. He was also a university classmate of Australian billionaire and Atlassian Co-Founder, Mike Cannon-Brookes. In this fascinating podcast, they discuss...
Bitcoin: The best bull market in finance
A 1640% gain in a calendar year is not something you see very often, but that’s what Bitcoin holders have experienced so far in 2017. Jordan Eliseo, Chief Economist at ABC Bullion, called it “the best bull market in finance” when we sat down recently to record the latest episode of Livewire’s Rules of Investing. But is Bitcoin really the future of money, as the bulls would have you believe? To achieve these lofty goals, it will need to displace the USD, Euro, Renminbi, and gold. So, can...
The Rules of Investing: Kidman, Walsh, and Wilson
In the third episode of Livewire’s new podcast, we break from the traditional podcast format and sit down with three different guests at this week’s Future Generation Investment Forum. First, Matthew Kidman from Centennial Funds (and host of Buy Hold Sell) discusses some current risks in the market, two areas he’s avoiding, and the stock he’d own if the market closed for five years. Next, Geoff Wilson from Wilson Asset Management explains how they go about picking fund managers that are...
The Rules of Investing: Why founders make the best investments
In this week’s Rules of Investing, I sit down with Craig McDonald, co-founder and CEO of Global Founders Funds Management. After successful careers at Goldman Sachs, Craig and his co-founder were inspired to GFFM when they came across research suggesting that founder-run businesses outperformed the broader market. This seems intuitive, with firms like Amazon, Facebook, and Google being among the strongest performers in the world in recent years. Closer to home, Seek, Harvey Norman, Flight...
The Rules of Investing: Episode 1 - Valuation with Roger Montgomery
In the first episode of Livewire's Rules of Investing, we talk to Roger Montgomery, Chief Investment Officer of Montgomery Investment Management and author of Value.Able. We take a deep dive into the topic of valuation, and hear which ASX stock he'd own if the market closed for 5 years. Hosted by Patrick Poke.